By Sarah Lizee
Olympia, Wash., May 22 – GS Finance Corp. priced $1.43 million of 0% index-linked notes due May 20, 2022 linked to the lesser performing of the S&P 500 index and 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 final values of both indexes are greater than their initial values, the payout at maturity will be 1.2 times the return of the lesser performing index.
If either index finishes below its initial value but above 72% of its initial level, the payout will be par plus the absolute value of the lesser performing index.
Otherwise, investors will be fully exposed to the losses 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: | S&P 500, Russell 2000
|
| Amount: | $1.43 million
|
| Maturity: | May 20, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If both indexes finish above initial values, 1.2 times index return of lesser performing index; if lesser performing index finishes below initial level but above 72% of initial level, absolute value of that index, otherwise full exposure to losses
|
| Initial levels: | 2,859.53 for S&P and 1,535.763 for Russell
|
| Trigger levels: | 72% of initial levels
|
| Pricing date: | May 17
|
| Settlement date: | May 22
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.375%
|
| Cusip: | 40056FH40
|
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