By Marisa Wong
Morgantown, W.Va., June 16 – GS Finance Corp. priced $1 million of 0% index-linked notes due June 12, 2019 tied to the Russell 2000 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 zero or positive, the payout at maturity will be the maximum upside settlement amount of $1,167.50 per $1,000 principal amount.
If the index falls by up to 25%, the payout will be par plus 50% of the absolute value of the index return.
Investors will lose 1% for every 1% decline below the initial level if the index falls by more than 25%.
Goldman Sachs & Co. 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 index: | Russell 2000
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| Amount: | $1 million
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| Maturity: | June 12, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is zero or positive, $1,167.50 per $1,000 principal amount; if the index falls by up to 25%, par plus 50% of the absolute value of the index return; otherwise, full exposure to losses
|
| Initial index level: | 1,396.674
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| Pricing date: | June 7
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| Settlement date: | June 12
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| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.425%
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| Cusip: | 40054LFT6
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