By Kiku Steinfeld
Chicago, June 1 – GS Finance Corp. priced $1.35 million of 0% index-linked notes due May 25, 2022 tied to the S&P 500 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 positive, the payout at maturity will be par plus the index return, capped at $1,200 per $1,000 of notes.
If the index declines by up to 22.8%, the payout will be par plus the absolute value of the index return.
If the index declines beyond 22.8%, investors will lose 1% for every 1% decline of the index.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $1.35 million
|
| Maturity: | May 25, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, plus the index return, capped at $1,200 per $1,000 of notes; if the index falls by up to 22.8%, par plus the absolute value of the index return; otherwise, 1% loss for every 1% decline
|
| Initial index level: | 2,922.94
|
| Pricing date: | May 20
|
| Settlement date: | May 26
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Agent: | JPMorgan
|
| Fees: | 1.65%
|
| Cusip: | 40057C3K5
|
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