By Marisa Wong
Morgantown, W.Va., July 10 – GS Finance Corp. priced $5.9 million of 4.25% fixed-coupon buffered notes due June 30, 2022 tied 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.
If the index return is at least negative 15%, the payout at maturity will be par. Investors will lose 1% for every 1% decline in the index beyond 15%.
Goldman, Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Fixed-coupon buffered notes
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Underlying index: | Russell 2000 index
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Amount: | $5.9 million
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Maturity: | June 30, 2022
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Coupon: | 4.25%, payable quarterly
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Price: | Par
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Payout at maturity: | If the index return is at least negative 15%, par; 1% loss for every 1% decline in the index beyond 15%
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Initial index level: | 1,403.522
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Pricing date: | June 27
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Settlement date: | June 30
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 3.6%
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Cusip: | 40054LEP5
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