By Kiku Steinfeld
Chicago, July 12 – GS Finance Corp. priced $500,000 of 1% fixed-coupon index-linked notes due May 27, 2031 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable quarterly.
The payout at maturity will be par plus 163% of any gain of the index; it will be par if the index falls by up to 50%, and investors will be fully exposed to the loss of the index if it falls by more than 50%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Fixed-coupon index-linked notes
|
| Underlying index: | Euro Stoxx Banks
|
| Amount: | $500,000
|
| Maturity: | May 27, 2031
|
| Coupon: | 1%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus 163% of any gain of the lesser-performing index; par if index falls by up to 50%; full exposure if it falls by more than 50%
|
| Initial levels: | 97.26
|
| Pricing date: | May 25
|
| Settlement date: | May 27
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 5%
|
| Cusip: | 40057HF47
|
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