By Taylor Fox
New York, Nov. 5 – GS Finance Corp. priced $5.2 million of 0% index-linked notes due Oct. 11, 2024 tied to the S&P 500 index and S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its initial level, the payout will be par plus 1.3325 times the return of the lesser performing index.
If the worst performing index falls but does not fall by more than 20%, the payout will be par.
Otherwise, investors will lose 1.25% for every 1% decline of the worst performing index beyond the 20% buffer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | S&P 500 and S&P 500 Value
|
| Amount: | $5,200,000
|
| Maturity: | Oct. 11, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its initial level, par plus 1.3325 times the worst performing index return; if the worst performing index falls but does not fall by more than 20%, par; otherwise, 1.25% loss for every 1% decline of the worst performing index beyond the 20% buffer
|
| Initial index levels: | 3,446.83 for S&P 500 and 1,153.79 for S&P 500 Value
|
| Buffer levels: | 80% of initial levels
|
| Pricing date: | Oct. 8
|
| Settlement date: | Oct. 14
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.5%
|
| Cusip: | 40057EF69
|
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