By Susanna Moon
Chicago, July 8 – GS Finance Corp. priced $8.16 million of 0% digital notes due July 6, 2018 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above the 85% barrier level, the payout at maturity will be the maximum settlement amount of $1,123 per $1,000 principal amount of notes.
Otherwise, investors will lose 1.1765% for every 1% decline beyond 15%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Digital notes
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| Underlying index: | S&P MidCap 400
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| Amount: | $8.16 million
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| Maturity: | July 6, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above the 85% barrier, par plus 12.3%; otherwise, 1.1765% loss per 1% drop beyond 15%
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| Initial index level: | 1,500.20
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| Pricing date: | July 1
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| Settlement date: | July 11
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 1.25%
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| Cusip: | 40054KFD3
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