By Wendy Van Sickle
Columbus, Ohio, June 16 – GS Finance Corp. priced $1 million of 5% callable fixed coupon index-linked notes due Sept. 13, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes are callable at par plus any coupon on any contingent coupon payment date beginning in September.
If the notes are not called, the payout at maturity will be par plus any final coupon unless the index ever closes below its 50% trigger level, in which case investors will be exposed to any losses of the index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable fixed coupon index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $1 million
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| Maturity: | Sept. 13, 2021
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| Coupon: | 5% per year, payable monthly
|
| Price: | Par
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| Payout at maturity: | Par plus any coupon unless index ever closes below 50% of initial level, in which case exposure to any losses
|
| Call option: | At par plus any coupon on any interest payment date beginning in September
|
| Initial level: | 3,232.39
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| Trigger buffer level: | 50% of initial level
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| Pricing date: | June 8
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| Settlement date: | June 11
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| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.35%
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| Cusip: | 40057CAM3
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