By Sarah Lizee
Olympia, Wash., June 15 – GS Finance Corp. priced $6.25 million of 0% digital notes due June 16, 2021 linked to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than or equal to 90% of the initial index level, the payout at maturity will be the maximum settlement amount of $1,223.10 for each $1,000 principal amount.
Investors will lose 1.1111% for each 1% decline beyond the threshold amount of 10%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Digital notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $6.25 million
|
| Maturity: | June 16, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than or equal to 90% of the initial index level, maximum settlement amount of $1,223.10 for each $1,000 principal amount; 1.1111% loss for each 1% decline beyond the threshold amount of 10%
|
| Initial level: | 25,320.73
|
| Pricing date: | June 12
|
| Settlement date: | June 19
|
| Agent: | Goldman, Sachs & Co.
|
| Fees: | 2.425%
|
| Cusip: | 40055QCZ3
|
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