By Sarah Lizee
Olympia, Wash., June 18 – GS Finance Corp. priced $1.42 million of 0% index-linked notes due June 17, 2025 tied to the Russell 2000 index and 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 worse-performing index gains or finishes flat, the payout will be par plus the return of the worse-performing index, capped at par plus 40%.
If any index falls by up to 20%, the payout will be par plus the absolute value of the return of the worse-performing index.
Otherwise, investors will lose 1% for every 1% that the worse-performing index falls beyond 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying indexes: | Russell 2000 and S&P 500
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| Amount: | $1,415,000
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| Maturity: | June 17, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If worse-performing index gains or finishes flat, par plus return of worse-performing index capped at par plus 40%; if any index falls by up to 20%, par plus the absolute value of the return of the worse-performing index; otherwise, exposure to decline of worse-performing index beyond 20%
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| Initial levels: | For each index, the lowest of the closing levels on the observation dates, which are the 12th day of each month starting on the pricing date and ending in September
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| Buffer levels: | 80% of initial levels
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| Pricing date: | June 12
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| Settlement date: | June 17
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.88%
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| Cusip: | 40057CAT8
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