By Kiku Steinfeld
Chicago, Sept. 21 – GS Finance Corp. priced $1.43 million of 0% index-linked notes due July 3, 2026 tied to the Russell 2000 index and 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 each index finishes at or above its initial level, the payout at maturity will be par plus 1.2 times the return of the worst performing index.
If the lesser performing index falls by up to 40%, the payout will be par.
If either index falls by more than 40%, investors will lose 1% for every 1% decline of the lesser performing index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | Russell 2000 and S&P 500
|
| Amount: | $1,429,000
|
| Maturity: | July 3, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above initial level, par plus 1.2 times return of worst performer; par if lesser performing index falls by up to 40%; otherwise 1% loss for every 1% decline of the lesser performing index
|
| Initial levels: | 2,310.549 for Russell, 4,297.50 for S&P
|
| Trigger levels: | 60% of initial levels
|
| Pricing date: | June 30
|
| Settlement date: | July 6
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.6%
|
| Cusip: | 40057HGS3
|
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