By William Gullotti
Buffalo, N.Y., July 11 – GS Finance Corp. priced $1.99 million of 8.7% trigger callable yield notes due Oct. 2, 2023 linked to the performance of the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable monthly.
The notes are callable at par on any monthly coupon payment date after three months.
The payout at maturity will be par of $10 unless the index finishes below its 60% downside threshold level, in which case investors will lose 1% for each 1% decline of the index from its initial level.
Goldman Sachs & Co. and UBS Financial Services Inc. are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger callable yield notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $1,993,400
|
| Maturity: | Oct. 2, 2023
|
| Coupon: | 8.7% per year, payable monthly
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless the index finishes below downside threshold, in which case 1% loss for each 1% decline of the index from initial level
|
| Call option: | At par monthly on any coupon date after three months
|
| Initial level: | 3,549.29
|
| Downside threshold: | 2,129.57; 60% of initial level
|
| Pricing date: | June 28
|
| Settlement date: | June 30
|
| Underwriter: | Goldman Sachs & Co. and UBS Financial Services Inc.
|
| Fees: | None
|
| Cusip: | 36264H768
|
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