By William Gullotti
Buffalo, N.Y., Nov. 22 – GS Finance Corp. priced $3 million of 0% capped buffer gears due Nov. 30, 2023 linked to the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par of $10 plus triple the index return, capped at par plus 12.75%.
Investors will receive par if the index declines by 15% or less and lose 1% for every 1% that the index declines beyond 15%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. UBS Financial Services Inc. is the selling agent.
| Issuer: | GS Finance Corp.
|
| Issue: | Capped buffer gears
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Underlying index: | S&P 500 Value
|
| Amount: | $3 million
|
| Maturity: | Nov. 30, 2023
|
| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | If the index return is greater than zero, par plus three times the index return, capped at par plus 12.75%; par if the index declines by 15% or less; 1% loss for every 1% decline beyond 15%
|
| Initial index level: | 1,331.21
|
| Buffer level: | 85% of initial level
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| Strike date: | Sept. 22
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| Pricing date: | Sept. 27
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| Settlement date: | Sept. 30
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| Agent: | Goldman Sachs & Co. LLC
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| Selling agent: | UBS Financial Services Inc.
|
| Fees: | 2%
|
| Cusip: | 36264Q685
|
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