By William Gullotti
Buffalo, N.Y., Nov. 14 – GS Finance Corp. priced $2.02 million of 0% leveraged index-linked notes due May 13, 2026 tied to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 202% of the index return, capped at par plus 25.15%.
Investors will be fully exposed to any index decline.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Issue: | Leveraged index-linked notes
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| Underlying index: | S&P 500 Futures Excess Return index
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| Amount: | $2.02 million
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| Maturity: | May 13, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is positive, par plus 202% of the index return, capped at par plus 25.15%; otherwise, full exposure to loss
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| Initial index level: | 390.5
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| Pricing date: | Nov. 8
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| Settlement date: | Nov. 13
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.25%
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| Cusip: | 40057X4D4
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