By Sarah Lizee
Olympia, Wash., June 20 – GS Finance Corp. updated the fees for its recently priced $800,000 of 0% buffered digital notes due June 22, 2020 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The underwriting discount was changed to 0.175% from 0.425% as stated in the previous filing.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is zero or positive, the payout at maturity will be the maximum settlement amount, $1,160 per $1,000 principal amount.
If the index return is negative but not below negative 15%, the payout will be par. If the index return is below negative 15%, investors will lose 1% for every 1% that the index declines beyond 15%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered digital notes
|
| Underlying index: | S&P 500
|
| Amount: | $800,000
|
| Maturity: | June 22, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is zero or positive, maximum return of $1,160 per $1,000 of notes; if the index return is negative but not below negative 15%, par; otherwise, 1% loss for every 1% that the index declines beyond 15%
|
| Initial index level: | 2,779.66
|
| Pricing date: | June 15
|
| Settlement date: | June 22
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.175%
|
| Cusip: | 40055QFJ6
|
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