By Wendy Van Sickle
Columbus, Ohio, July 14 – GS Finance Corp. priced $2.5 million of 0% leveraged buffered index-linked notes due July 13, 2027 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 index return is positive, investors will receive par plus 105.5% of the index gain.
If the index return is flat or falls by up to 35%, investors will receive par. Investors will lose 1% for every 1% decline beyond 35%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,503,000
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| Maturity: | July 13, 2027
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 105.5% of the index gain; if index return is flat or falls by up to 35%, par; 1% loss for every 1% decline beyond 35%
|
| Initial index level: | 3,899.38
|
| Pricing date: | July 8
|
| Settlement date: | July 13
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.99%
|
| Cusip: | 40057MJL4
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