By Wendy Van Sickle
Columbus, Ohio, July 15 – GS Finance Corp. priced $1.06 million of 0% index-linked notes due July 6, 2022 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout will be par plus the return of the lesser performing index up to 18%.
If the lesser performing index falls by up to 15%, the payout will be par plus the absolute value of that index’s return.
Investors will lose 1% for every 1% decline of the lesser performing index beyond 15%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying indexes: | Russell 2000, S&P 500
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Amount: | $1.06 million
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Maturity: | July 6, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus the return of the lesser performing index up to 18%; if the lesser performing index falls by up to 15%, par plus absolute value of that index’s return; 1% loss for every 1% decline of the lesser performing index beyond 15%
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Initial index levels: | 1,441.365 for Russell, 3,100.29 for S&P
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Pricing date: | June 30
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Settlement date: | July 6
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.765%
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Cusip: | 40057C6J5
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