By William Gullotti
Buffalo, N.Y., June 15 – GS Finance Corp. priced $4 million of 0% leveraged index-linked notes due June 12, 2026 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, capped at par plus 44.45%.
Investors will receive par if the index falls by up to 25% and be fully exposed to loss if it declines beyond 25%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Issue: | Leveraged index-linked notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $4 million
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| Maturity: | June 12, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, par plus 300% of the index return, capped at par plus 44.45%; if index falls by no more than 25%, par; otherwise, full exposure decline of index from initial level
|
| Initial index level: | 4,289.79
|
| Trigger level: | 75% of initial level
|
| Pricing date: | June 9
|
| Settlement date: | June 14
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.75%
|
| Cusip: | 40057TAA2
|
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