By Wendy Van Sickle
Columbus, Ohio, Feb. 28 – GS Finance Corp. priced $9.93 million of 6.4% fixed-coupon index-linked notes due June 2, 2023 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
At maturity, investors will receive par if neither index finishes below 80% of its initial level.
Otherwise, investors will lose 1.25% for each 1% decline of the worst performer beyond 20%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Fixed-coupon index-linked notes
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| Underlying indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $9.93 million
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| Maturity: | June 2, 2023
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| Coupon: | 6.4% per year, payable monthly
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| Price: | Par
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| Payout at maturity: | Par if neither index finishes below 80% of initial level at maturity; otherwise, 1.25% loss for each 1% decline of the worst performer beyond 20%
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| Initial levels: | 1,980.173 for Russell, 4,304.76 for S&P
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0%
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| Cusip: | 40057LAL5
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