By Wendy Van Sickle
Columbus, Ohio, June 15 – GS Finance Corp. priced $9.7 million of 0% digital index-linked notes due June 26, 2024 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 final level of the index is greater than or equal to its threshold level, 80% of its initial level, the payout at maturity will be par plus 9.56%.
Otherwise, investors will lose 1% for every 1% that the index declines.
Goldman Sachs & Co. LLC is the underwriter with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Digital index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $9,701,000
|
| Maturity: | June 26, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final index level is greater or equal to 80% of its initial level, par plus 9.56%; otherwise, 1% loss for every 1% decline
|
| Initial index level: | 4,298.86
|
| Threshold level: | 80% of initial level
|
| Pricing date: | June 9
|
| Settlement date: | June 14
|
| Underwriter: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
|
| Fees: | 1%
|
| Cusip: | 40057TAL8
|
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