By Susanna Moon
Chicago, July 31 – GS Finance Corp. priced $2.2 million of 4.5% callable fixed-coupon buffered notes due July 31, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes will be callable at par on any interest payment date after one year.
The payout at maturity will be par unless the index falls by more than 15%, in which case investors will lose 1% for each 1% decline beyond 15%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable fixed coupon buffered notes
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| Underlying index: | Russell 2000
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| Amount: | $2,198,000
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| Maturity: | July 31, 2022
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| Coupon: | 4.5%, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par unless index falls by more than 15%, in which case 1% loss for each 1% decline beyond 15%
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| Call option: | At par on any interest payment date beginning July 2018
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| Initial level: | 1,442.279
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| Pricing date: | July 26
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| Settlement date: | July 31
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 3.6%
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| Cusip: | 40054LK94
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