By Kiku Steinfeld
Chicago, June 21 – GS Finance Corp. priced $677,000 of 0% leveraged index-linked notes due May 28, 2027 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.535 times the index return.
If the index is flat or declines by up to 30%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to the decline of the index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $677,000
|
| Maturity: | May 28, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If return is positive, par plus 1.535 times return; if index is flat or declines by up to 30%, par plus absolute value of return; otherwise, investors will be fully exposed to decline
|
| Initial index level: | 4,025.78
|
| Trigger level: | 70% of initial level
|
| Pricing date: | May 21
|
| Settlement date: | May 26
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.25%
|
| Cusip: | 40057HA42
|
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