By Marisa Wong
Los Angeles, Oct. 5 – GS Finance Corp. priced $374,000 of 0% buffered index-linked notes due Sept. 30, 2025 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 above its initial level, the payout at maturity will be par plus the gain.
If the index finishes flat or falls by up to 15.5%, investors will receive par. Otherwise, investors will lose 1% for every 1% index decline beyond 15.5%.
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: | Buffered index-linked notes
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| Underlying index: | Dow Jones U.S. Select Dividend index
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| Amount: | $374,000
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| Maturity: | Sept. 30, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain; par if index finishes flat or falls by up to 15.5%; otherwise, 1% loss for every 1% decline beyond 15.5%
|
| Initial index level: | 576.96
|
| Pricing date: | Sept. 25
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| Settlement date: | Sept. 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.26%
|
| Cusip: | 40057CQA2
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