By Kiku Steinfeld
Chicago, June 22 – GS Finance Corp. priced $675,000 of 0% index-linked notes due May 29, 2026 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.
The payout at maturity will be par plus 1.2 times any index gain, up to a maximum settlement amount of $1,500 per $1,000 note.
Investors will receive par plus the absolute return of the index if it declines by up to 30%.
If the final value of the index is below 70% of its initial level, investors will be fully exposed to the decline of the index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $675,000
|
| Maturity: | May 29, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.2 times any index gain, up to a maximum settlement amount of $1,500 per $1,000 note; par plus absolute return if the index declines by up to 30%; full exposure to losses if index finishes below 70% of initial level
|
| Initial index level: | 4,155.86
|
| Trigger buffer level: | 70% of initial level
|
| Pricing date: | May 21
|
| Settlement date: | May 26
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | None
|
| Cusip: | 40057HA34
|
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