By Sarah Lizee
Olympia, Wash., July 24 – GS Finance Corp. priced $5.41 million of 0% leveraged index-linked notes due Jan. 23, 2020 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to 70% of the initial index level, the payout at maturity will be par plus the greater of 1.255 times the index return and zero.
If the index declines beyond 70% of the initial level, investors will be exposed to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter and JPMorgan Securities LLC is the placement agent.
| Issuer: | GS Finance Corp.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $5,405,000
|
| Maturity: | Jan. 23, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is greater than or equal to 70% of initial level, par plus the greater of 1.255 times the index return and zero; exposure to losses if index declines beyond 70% of the initial level
|
| Initial index level: | 3,460.03
|
| Pricing date: | July 20
|
| Settlement date: | July 25
|
| Underwriter: | Goldman Sachs & Co. with JPMorgan Securities LLC as placement agent
|
| Fees: | 1.35%
|
| Cusip: | 40055QNA6
|
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