By Sarah Lizee
Olympia, Wash., Aug. 22 – GS Finance Corp. priced $697,000 of 0% index-linked notes due Aug. 23, 2024 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 equal to or greater than their initial values, the payout at maturity will be par plus 1.625 times the return of the lesser performing index.
If the worse performing index falls by up to 20%, the payout will be par plus 20%.
If the worse performing index falls by more than 20% but not by more than 30%, the payout will be par.
Otherwise, investors will be exposed to the 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: | S&P 500, Russell 2000
|
| Amount: | $697,000
|
| Maturity: | Aug. 23, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final values of both indexes are equal to or greater than their initial values, the payout at maturity will be par plus 1.625 times the return of the lesser performing index; if the worse performing index falls by up to 20%, par plus 20%; if the worse performing index falls by more than 20% but not by more than 30%, par; otherwise, investors will be exposed to the decline of the lesser performing index
|
| Initial levels: | 2,900.51 for S&P and 1,498.006 for Russell
|
| Pricing date: | Aug. 20
|
| Settlement date: | Aug. 23
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.85%
|
| Cusip: | 40056X3J3
|
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