By Sarah Lizee
Olympia, Wash., June 1 – GS Finance Corp. priced $27.8 million of 0% index-linked notes due May 30, 2025 tied to the Nasdaq-100 Technology Sector index and the Technology Select Sector 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 at or above its initial level, the payout will be par plus 1.36 times the return of the lesser performing index.
If either index declines by up to 25%, the payout will be par.
Otherwise, investors will be exposed to the losses of the worst performing index.
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: | Index-linked notes
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| Underlying indexes: | Nasdaq-100 Technology Sector index and Technology Select Sector index
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| Amount: | $27.8 million
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| Maturity: | May 30, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index closes at or above its initial level, par plus 1.36 times the return of the lesser performing index; if either index declines by up to 25%, par; otherwise, investors will be exposed to the losses of the worst performing index
|
| Initial index levels: | 5,493.195 for Nasdaq, 969.09 for Technology
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| Barrier levels: | 75% of initial levels
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| Pricing date: | May 26
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| Settlement date: | May 29
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.1%
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| Cusip: | 40057C3Q2
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