By William Gullotti
Buffalo, N.Y., Aug. 16 – GS Finance Corp. priced $1.05 million of 0% index-linked notes due July 31, 2025 linked to the performance of 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.
A trigger event will occur if the index closes above its 120% upper barrier or below its 80% lower barrier on any trading day during the life of the notes.
If a trigger event has occurred, the payout at maturity will be par plus 5%.
If a trigger event does not occur, investors will receive par plus 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,053,000
|
| Maturity: | July 31, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If a trigger event does not occur, par plus 20%; if a trigger event occurs, par plus 5%
|
| Trigger event: | Occurs if index closes above upper barrier or below lower barrier on any trading day during the life of the notes
|
| Initial level: | 4,582.23
|
| Upper barrier: | 120% of initial level
|
| Lower barrier: | 80% of initial level
|
| Pricing date: | July 28
|
| Settlement date: | Aug. 2
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 40057TKN3
|
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