By Wendy Van Sickle
Columbus, Ohio, Jan. 6 – GS Finance Corp. priced $1.19 million of 0% digital index-linked notes due June 30, 2021 tied to the Euro Stoxx 50 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 its initial level, the payout at maturity will be par plus the greater of the index return and 13.1%.
If the index falls by up to 25%, the payout will be par.
If the index return is below negative 25%, investors will lose 1% for every 1% decline of the index from its initial level.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Digital index-linked notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1,185,000
|
| Maturity: | June 30, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is greater than or equal to initial level, par plus greater of index return and 13.1%; if index falls by up to 25%, par; otherwise, full exposure to loss
|
| Initial level: | 3,782.27
|
| Pricing date: | Dec. 27
|
| Settlement date: | Jan. 2
|
| Underwriter: | Goldman, Sachs & Co. LLC
|
| Placement agent: | JPMorgan
|
| Fees: | 1.35%
|
| Cusip: | 40056XYM2
|
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