By Sarah Lizee
Olympia, Wash., Aug. 20 – GS Finance Corp. priced $5.36 million of 5% callable fixed-coupon notes due May 19, 2022 linked 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.
Interest is payable quarterly.
The notes are callable at par on any coupon payment date.
The payout at maturity will be par unless the index finishes below 60% of the initial level, in which case investors will lose 1% for every 1% decline of the index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable fixed-coupon notes
|
| Underlying index: | S&P 500
|
| Amount: | $5,363,000
|
| Maturity: | May 19, 2022
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| Coupon: | 5%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless the index finishes below trigger level, in which case investors will lose 1% for every 1% decline of the index
|
| Call option: | At par on any coupon payment date
|
| Initial level: | 3,372.85
|
| Trigger level: | 60% of initial level
|
| Pricing date: | Aug. 14
|
| Settlement date: | Aug. 19
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.15%
|
| Cusip: | 40057CL66
|
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