By Kiku Steinfeld
Chicago, July 15 – GS Finance Corp. priced $600,000 of 0% index-linked notes due Jan.3, 2023 tied to the lesser performing of the Dow Jones industrial average and 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 each index finishes flat or above its initial level, the payout at maturity will be par plus 1.08 times the return of the lesser performing index.
If either index falls but neither loses more than 20% of its initial levels, the payout will be par.
If either index falls by more than 20%, investors will be exposed to a loss 1% for every 1% decline beyond 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | Dow Jones industrial average and S&P 500
|
| Amount: | $600,000
|
| Maturity: | Jan.3, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes flat or above initial level, par 1.08 times plus the lesser performing index return; if either index falls but neither loses more than 20%, par; loss of 1% for every 1% decline beyond 20%.
|
| Initial index levels: | 26,599.96 for Dow, 2,941.76 for S&P
|
| Pricing date: | June 28
|
| Settlement date: | July 3
|
| Underwriter: | Goldman, Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40056FQ81
|
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