By Sarah Lizee
Olympia, Wash., Aug. 8 – GS Finance Corp. priced $2.5 million of 0% digital notes due Feb. 5, 2020 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is greater than or equal to negative 10%, the payout at maturity will be the maximum settlement amount, $1,095 per $1,000 principal amount.
If the index falls by more than 10%, investors will lose 1.1111% for every 1% that the index declines beyond 10%.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Digital notes
|
| Underlying index: | S&P 500
|
| Amount: | $2.5 million
|
| Maturity: | Feb. 5, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is greater than or equal to negative 10%, $1,095 per $1,000 principal amount; if the index falls by more than 10%, 1.1111% loss for every 1% that the index declines beyond 10%
|
| Initial index level: | 2,840.35
|
| Pricing date: | Aug. 6
|
| Settlement date: | Aug. 9
|
| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
|
| Fees: | 1.25%
|
| Cusip: | 40055QSX1
|
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