By Kiku Steinfeld
Chicago, Aug. 4 – GS Finance Corp. priced $1.65 million of fixed coupon index-linked notes due Oct. 29, 2021 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par if each index closes at or above its 70% trigger level on every day during the life of the notes.
If each index closes or above its initial level and any index ever closes below its trigger level, the payout will be par.
If any index closes below its initial level and any index ever closes below its trigger level, investors will be exposed to any losses of the lesser performing index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Fixed coupon index-linked notes
|
| Underlying indexes: | Russell 2000 index and S&P 500 index
|
| Amount: | $1,654,000
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| Maturity: | Oct. 29, 2021
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| Coupon: | 8.55% per year, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par if each index closes at or above its 70% trigger level on every day during the life of note; par if each index closes at or above its initial level and any index ever closes below its trigger level; exposure to losses of lesser performing index if any index closes below its initial level and any ever closes below its trigger level
|
| Initial levels: | 1,467.555 for Russell, 3,215.63 for S&P
|
| Trigger level: | 70% of initial levels
|
| Pricing date: | July 24
|
| Settlement date: | July 29
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.85%
|
| Cusip: | 40057CH20
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