By Wendy Van Sickle
Columbus, Ohio, June 16 – GS Finance Corp. priced $10.17 million of 0% index-linked trigger notes due June 13, 2024 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.
If the final level of the index is equal to or greater than 75.4% of the initial level, the payout at maturity will be at least par and if above the initial level, par plus the index return.
Otherwise, investors will be fully exposed to the index’s decline from its initial level.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is working as the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked trigger notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $10,174,000
|
| Maturity: | June 13, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final level of the index is equal to or greater than the trigger level, par plus index return with a floor of par; otherwise, full exposure to losses of index
|
| Initial index level: | 3,900.86
|
| Trigger level: | 75.4% of initial level
|
| Pricing date: | June 10
|
| Settlement date: | June 15
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Placement agent: | JPMorgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 40057MDG1
|
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