By Kiku Steinfeld
Chicago, June 22 – GS Finance Corp. priced $6.16 million of 5.7% fixed-coupon index-linked notes due July 22, 2022 linked to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par if each index closes at or above its 82.5% trigger level.
If either index falls by more than 17.5%, investors will lose 1.2121% for each 1% decline beyond the 17.5% buffer level of the worst performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Fixed-coupon index-linked notes
|
| Underlying indexes: | Russell 2000 index and Nasdaq-100 index
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| Amount: | $6.16 million
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| Maturity: | July 22, 2022
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| Coupon: | 5.7% per year, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par if each index closes at or above its 82.5% buffer level; otherwise, 1.2121% loss for each 1% decline beyond the 17.5% buffer level of the worst performer
|
| Initial levels: | 2,193.642 for Russell and 13,237.91 for Nasdaq
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| Buffer level: | 82.5% of initial levels
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| Pricing date: | May 20
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| Settlement date: | May 25
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0%
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| Cusip: | 40057HEX4
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