By Wendy Van Sickle
Columbus, Ohio, June 7 – GS Finance Corp. priced $10.83 million of 0% leveraged index-linked notes due May 31, 2030 tied 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.
The payout at maturity will be par plus 1.1752 times any index gain.
If the index falls by up to 50%, the payout will be par.
If the index falls by more than 50%, investors will be fully exposed to the decline.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $10,829,000
|
| Maturity: | May 31, 2030
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.1752 times any index gain; if the index falls by up to 50%, par; if the index falls by more than 50%, investors will be fully exposed to the decline
|
| Initial index level: | 4,195.99
|
| Trigger level: | 50% of initial level
|
| Pricing date: | May 26
|
| Settlement date: | June 2
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40057HHB9
|
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