By Sarah Lizee
Olympia, Wash., July 1 – GS Finance Corp. priced $200,000 of 9.6% callable fixed-coupon notes due Sept. 27, 2021 linked to 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.
Interest is payable monthly.
The notes are callable at par on any coupon payment date beginning in September.
The payout at maturity will be par unless the index finishes below its initial level and has ever closed below 70% of the initial level on any day during the life of the notes, in which case investors will lose 1% for every 1% decline of the index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable fixed-coupon notes
|
| Underlying index: | S&P 500
|
| Amount: | $200,000
|
| Maturity: | Sept. 27, 2021
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| Coupon: | 9.6%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless the index finishes below its initial level and has ever closed below 70% of the initial level on any day during the life of the notes, in which case investors will lose 1% for every 1% decline of the index
|
| Call option: | At par on any coupon payment date beginning in September
|
| Initial level: | 3,117.86
|
| Trigger level: | 70% of initial level
|
| Pricing date: | June 22
|
| Settlement date: | June 25
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.35%
|
| Cusip: | 40057CC82
|
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