By William Gullotti
Buffalo, N.Y., July 28 – GS Finance Corp. priced $1.1 million of 0% buffered digital index-linked notes due July 25, 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, 94% of its initial level, the payout at maturity will be par plus 9.35%.
If the index declines by more than 6% but finishes at or above its 80% buffer value, the payout will be par plus the absolute value of the return.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 20%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered digital index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,095,000
|
| Maturity: | July 25, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final index level is greater or equal to threshold level, par plus 9.35%; if the index falls by more than 6% but finishes at or above buffer value, par plus the absolute value of the index return; otherwise, 1% loss for every 1% decline beyond 20%
|
| Initial index level: | 4,536.34
|
| Threshold level: | 94% of initial level
|
| Buffer value: | 80% of initial level
|
| Pricing date: | July 21
|
| Settlement date: | July 26
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.4%
|
| Cusip: | 40057TJU9
|
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