By Marisa Wong
Morgantown, W.Va., June 24 – GS Finance Corp. priced $2.2 million of 0% index-linked trigger notes due June 27, 2018 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than or equal to 73% of the initial index level, the payout at maturity will be par plus the greater of the return or 4.5%.
Otherwise, investors will be fully exposed to the index’s decline.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger notes
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| Underlying index: | S&P 500
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| Amount: | $2.2 million
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| Maturity: | June 27, 2018
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If index closes at or above trigger level, par plus greater of index return or 4.5%; otherwise, full exposure to index decline
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| Initial index level: | 2,085.45
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| Trigger level: | 73% of initial level
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| Pricing date: | June 22
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| Settlement date: | June 27
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| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
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| Fees: | 1.675%
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| Cusip: | 40054KEE2
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