By William Gullotti
Buffalo, N.Y., June 21 – GS Finance Corp. priced $1 million of 0% digital index-linked notes due July 17, 2023 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.
If the index finishes at or above its threshold level, 80% of initial level, the payout at maturity will be par plus 9.42%.
Otherwise, investors will lose 1.25% for every 1% that the index declines beyond 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Digital index-linked notes
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| Underlying index: | S&P 500 index
|
| Amount: | $1 million
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| Maturity: | July 17, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above threshold level, par plus 9.42%; otherwise, 1.25% loss for every 1% of index decline beyond 20%
|
| Initial index level: | 3,749.63
|
| Threshold level: | 80% of initial level
|
| Strike date: | June 13
|
| Pricing date: | June 14
|
| Settlement date: | June 22
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.82%
|
| Cusip: | 40057MFH7
|
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