By Wendy Van Sickle
Columbus, Ohio, June 13 – GS Finance Corp. priced $232,000 of 0% leveraged buffered index-linked notes due June 8, 2021 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, the payout at maturity will be par plus 2 times the index return, capped at par plus 19.25%.
If the index return is negative but not less than negative 10%, the payout will be par.
Investors will lose 1% for every 1% decline in the index beyond 10%.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered index-linked notes
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| Underlying index: | S&P 500
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| Amount: | $232,000
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| Maturity: | June 8, 2021
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the index return is positive, par plus 2 times index return, capped at 19.25%; if the index return is negative but not less than negative 10%, par; 1% loss for every 1% decline in the index beyond 10%
|
| Initial index level: | 2,744.45
|
| Trade date: | June 3
|
| Settlement date: | June 6
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.975%
|
| Cusip: | 40056FGN9
|
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