By Marisa Wong
Morgantown, W.Va., March 26 – GS Finance Corp. priced $630,000 of 0% digital notes due March 23, 2023 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is positive, the payout at maturity will be the greater of the threshold settlement amount, $1,400 per $1,000 of notes, and par plus the return of the lesser performing index.
If the return of each index is at least negative 50%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the lesser-performing index from its initial level.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Digital notes
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| Underlying assets: | S&P 500 index and Russell 2000 index
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| Amount: | $630,000
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| Maturity: | March 23, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the return of each index is positive, par plus greater of 40% and return of lesser performing index; if the return of each index is at least negative 50%, par; otherwise, 1% loss for every 1% decline of the lesser-performing index from its initial level
|
| Initial levels: | 2,716.94 for S&P and 1,570.405 for Russell
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| Pricing date: | March 20
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| Settlement date: | March 23
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.725%
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| Cusip: | 40055ASP3
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