By Wendy Van Sickle
Columbus, Ohio, July 17 – GS Finance Corp. priced $7.64 million of 0% buffered index-linked notes due July 14, 2022 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 positive, the payout at maturity will be par plus the index return, up to a maximum payout of 130.15% of par.
If the index return is negative but not less than negative 25%, the payout will be par.
Investors will lose 1.3333% for every 1% decline in the index beyond 25%.
Goldman Sachs & Co. LLC is the underwriter with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $7,644,000
|
| Maturity: | July 14, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, par plus the index return, up to a maximum payout of 130.15% of par; if the index return is negative but not less than negative 25%, par; 1.3333% loss for every 1% decline in the index beyond 25%
|
| Initial index level: | 3,013.77
|
| Pricing date: | July 12
|
| Settlement date: | July 17
|
| Underwriter: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
|
| Fees: | 2.175%
|
| Cusip: | 40056FUA1
|
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