By Sarah Lizee
Olympia, Wash., Aug. 22 – GS Finance Corp. priced $4.82 million of 0% index-linked notes due Sept. 24, 2020 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.
A trigger event will occur if the closing level of any index is less than its trigger level of 65% of its initial level on any day during the life of the notes.
If a trigger event has not occurred, the payout at maturity will be $1,072.5 per $1,000 of notes.
If a trigger event has occurred and the final level of each index is greater than or equal to its initial level, the payout will be par.
If a trigger event has occurred and the final level of any index is less than its initial level, the payout will be par plus the return 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: | $4,821,000
|
| Maturity: | Sept. 24, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If a trigger event has not occurred, $1,072.5 per $1,000 of notes; if a trigger event has occurred and the final level of each index is greater than or equal to its initial level, par; if a trigger event has occurred and the final level of any index is less than its initial level, par plus the return of the lesser performing index; trigger event will occur if the closing level of any index is less than its trigger level on any day during the life of the notes
|
| Initial levels: | 2,900.51 for S&P and 1,498.006 for Russell
|
| Trigger levels: | 65% of initial levels
|
| Pricing date: | Aug. 20
|
| Settlement date: | Aug. 23
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.53%
|
| Cusip: | 40056X3F1
|
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