By Marisa Wong
Morgantown, W.Va., Aug. 13 – GS Finance Corp. priced $2 million of 0% leveraged index-linked notes due Feb. 11, 2022 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is zero or positive, the payout at maturity will be par plus 105.6% of the index gain.
If the index falls by up to 30%, the payout will be par plus the absolute value of the index return.
If the index falls by more than 30%, investors will lose 1% for every 1% decline below the initial level.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged index-linked notes
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| Underlying index: | S&P 500
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| Amount: | $2 million
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| Maturity: | Feb. 11, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 105.6% of any index gain; if index falls by up to 30%, par plus the absolute value of the index return; if index falls by more than 30%, 1% loss for every 1% decline below the initial level
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| Initial index level: | 2,857.70
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| Pricing date: | Aug. 8
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| Settlement date: | Aug. 13
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| Underwriter: | Goldman, Sachs & Co.
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| Fees: | 0.5%
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| Cusip: | 40055QT28
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