Chicago, April 22 – GS Finance Corp. priced $778,000 of 0% leveraged buffered index-linked notes due Feb. 3, 2025 linked to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 125% of the return of the index subject to a maximum return of par plus 10.4%. The payout will be par plus the absolute return of the index if it declines but by no more than the 10% buffer. Investors will lose any index decline beyond the buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | S&P 500 Futures Excess Return index
|
| Amount: | $778,000
|
| Maturity: | Feb. 3, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains par plus 125% of index return subject to a maximum return of par plus 10.4%; par plus absolute return of index if it declines but by no more than 10% buffer; otherwise, par minus index decline beyond buffer
|
| Initial level: | 429.83
|
| Buffer level: | 90% of initial level
|
| Upside leverage: | 125%
|
| Cap: | 10.4%
|
| Buffer: | 10%
|
| Downside leverage: | 100%
|
| Pricing date: | Jan. 24
|
| Settlement date: | Jan. 29
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.75%
|
| Cusip: | 40057XWG6
|
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