By William Gullotti
Buffalo, N.Y., July 7 – GS Finance Corp. priced $5.55 million of 0% index-linked notes due July 2, 2025 linked to the performance of the S&P 500 Daily Risk Control 5% USD Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of the index is zero or positive, the payout at maturity will be par plus 1.183 times the return.
Otherwise, investors will gain 1% for every 1% decline of the index from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
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| Underlying index: | S&P 500 Daily Risk Control 5% USD Excess Return index
|
| Amount: | $5,547,000
|
| Maturity: | July 2, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is zero or positive, par plus 1.183 times the index return; otherwise, investors will gain 1% for every 1% decline of the index from initial level
|
| Initial level: | 157.94
|
| Pricing date: | June 27
|
| Settlement date: | June 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.8%
|
| Cusip: | 40057MAK5
|
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