By Marisa Wong
Morgantown, W.Va., May 13 – GS Finance Corp. priced $142,000 of 0% index-linked notes due Oct. 3, 2022 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is greater than 37.2%, the payout at maturity will be par plus 37.2% plus 1.5 times the index gain in excess of 37.2%.
If the index return is zero or positive but not greater than 37.2%, the payout will be par plus 37.2%.
If the index return is negative but not less than negative 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% index decline beyond 20%.
Goldman, Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $142,000
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| Maturity: | Oct. 3, 2022
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If the index return is greater than 37.2%, par plus 37.2% plus 1.5 times the index gain in excess of 37.2%; if the index return is zero or positive but not greater than 37.2%, par plus 37.2%; if the index return is negative but not less than negative 20%, par; otherwise, 1% loss for every 1% index decline beyond 20%
|
| Initial level: | 3,491.92
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| Pricing date: | April 25
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| Settlement date: | April 29
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.75%, including up to 2.5% for selling concessions
|
| Cusip: | 40056FB20
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