By Wendy Van Sickle
Columbus, Ohio, June 11 – GS Finance Corp. priced $2.66 million of 0% leveraged index-linked notes due June 7, 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.
The payout at maturity will be par of $1,000 plus 1.015 times any index gain.
If the index finishes flat or falls by up to 40%, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any decline in the index.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,655,000
|
| Maturity: | June 7, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.015 times any index gain; par if index falls by up to 40%; full exposure to losses if index falls by more than 40%
|
| Initial index level: | 2,802.39
|
| Pricing date: | May 28
|
| Settlement date: | May 31
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.25%
|
| Cusip: | 40056FJQ9
|
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