By Sarah Lizee
Olympia, Wash., May 9 – GS Finance Corp. priced $1.55 million of 0% index-linked notes due June 11, 2020 linked to the lesser performing of the Euro Stoxx 50 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 indexes never close below 60% of their initial levels on any day during the life of the notes, the payout at maturity will be par plus 63.5%.
If either index ever closes below 60% of its initial levels on any day during the life of the notes but both indexes finish at or above their initial levels, the payout will be par.
Otherwise, the payout will be par plus the return of the lesser performing index with full exposure to losses.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | Euro Stoxx 50, Russell 2000
|
| Amount: | $1,548,000
|
| Maturity: | June 11, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the indexes never close below 60% of their initial levels on any day during the life of the notes, par plus 63.5%; if either index ever closes below 60% of its initial levels on any day during the life of the notes but both indexes finish at or above their initial levels, par; otherwise par plus the return of the lesser performing index with full exposure to losses
|
| Initial levels: | 3,401.16 for Stoxx, 1,582.312 for Russell
|
| Pricing date: | May 7
|
| Settlement date: | May 10
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.31%
|
| Cusip: | 40056FDU6
|
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