By Wendy Van Sickle
Columbus, Ohio, June 29 – GS Finance Corp. priced $1.52 million of 4.5% callable fixed-coupon buffered notes due June 30, 2022 linked to the Russell 2000 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.
Following an initial one-year non-call period, the notes are callable at par plus the coupon on any quarterly redemption date.
The payout at maturity will be par unless the index finishes at or below the buffer level, 85% of the initial level, in which case investors will exposed to the decline of the index beyond the buffer.
The agent is Morgan Stanley & Co. LLC.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable fixed-coupon securities
|
| Underlying index: | Russell 2000
|
| Amount: | $1,522,000
|
| Maturity: | June 30, 2022
|
| Coupon: | 4.5%, payable quarterly
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par unless index finishes below buffer, in which exposure to loss beyond buffer
|
| Call option: | At par on any quarterly redemption date after one year
|
| Initial level: | 1,403.522
|
| Buffer level: | 85% of initial level
|
| Pricing date: | June 27
|
| Settlement date: | June 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.6%
|
| Cusip: | 40054LF33
|
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