By William Gullotti
Buffalo, N.Y., Aug. 23 – GS Finance Corp. priced $125,000 of 0% index-linked notes due Aug. 3, 2027 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
A reset event will occur if, on any annual observation date, the index closes at or above its reset underlier level. If no reset events have occurred, the reset underlier level will be equal to the index’s initial value. If a reset event has occurred, the reset underlier level will be equal to the index’s closing level on the immediately preceding observation date.
The notes feature a resetting periodic return at a rate of 10% per annum, payable only if a reset event occurs.
The payout at maturity will be par.
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: | Index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $125,000
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| Maturity: | Aug. 3, 2027
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| Periodic return: | 10% per annum, payable annually if a reset event occurs
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| Price: | Par
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| Payout at maturity: | Par
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| Reset event: | Occurs if, on any annual observation date, index closes at or above its reset underlier level; reset underlier level is equal to initial level until a reset event has occurred, at which point the reset underlier level will be equal to the index’s closing level on the most recent reset event
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| Initial level: | 4,130.29
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| Pricing date: | July 29
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| Settlement date: | Aug. 3
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 40057MPT0
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