By Sarah Lizee
Olympia, Wash., May 31 – GS Finance Corp. priced $500,000 of 0% leveraged buffered notes due May 27, 2022 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket includes the Euro Stoxx 50 index with a 50% weight and the S&P 500 index with a 50% weight.
The payout at maturity will be par plus 1.27 times any basket gain.
Investors will receive par if the basket declines by 25% or less and will lose 1% for every 1% that it declines beyond 25%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered notes
|
| Underlying basket: | Euro Stoxx 50 index (50% weight) and S&P 500 index (50% weight)
|
| Amount: | $500,000
|
| Maturity: | May 27, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.27 times any basket gain; par if basket falls by up to 25%; 1% loss for every 1% drop beyond 25%
|
| Initial levels: | 3,350.70 for Euro Stoxx and 2,826.06 for S&P
|
| Pricing date: | May 24
|
| Settlement date: | May 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.775%
|
| Cusip: | 40056FJU0
|
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