By William Gullotti
Buffalo, N.Y., April 3 – GS Finance Corp. priced $1.6 million of 0% index-linked notes due March 29, 2029 linked to the performance of the S&P 500 Futures Excess Return 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 the index is zero or positive, the payout at maturity will be the greater of par plus 50% and par plus the return.
If the index falls by up to 30%, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to the index’s decline from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500 Futures Excess Return index
|
| Amount: | $1,595,000
|
| Maturity: | March 29, 2029
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is zero or positive, the greater of par plus 50% and par plus the index return; if the index falls but the final underlier level is greater than or equal to the 70% trigger buffer level, par plus the absolute value of the index return; otherwise, investors will be fully exposed to the index’s decline from its initial level
|
| Initial level: | 457.53
|
| Trigger buffer level: | 70% of initial levels
|
| Pricing date: | March 25
|
| Settlement date: | March 28
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.375%
|
| Cusip: | 40057YJD6
|
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