By Marisa Wong
Los Angeles, March 20 – GS Finance Corp. priced $2.5 million of 0% leveraged buffered index-linked notes due Sept. 14, 2023 tied to the Dow Jones U.S. Select Dividend index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above its initial level, the payout at maturity will be par plus 1.13 times the return.
If the index finishes flat or falls by up to 20%, investors will receive par plus the absolute value of the index return. Otherwise, investors will lose 1% for every 1% decline beyond 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered index-linked notes
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| Underlying index: | Dow Jones U.S. Select Dividend index
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| Amount: | $2.5 million
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| Maturity: | Sept. 14, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.13 times any index gain; if index falls by up to 20%, par plus absolute value of index return; 1% loss for every 1% decline beyond 20%
|
| Initial index level: | 587.25
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| Pricing date: | March 11
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| Settlement date: | March 16
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 40056YTZ7
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