By Sarah Lizee
Olympia, Wash., June 19 – GS Finance Corp. priced $8 million of 0% bearish Performance Leveraged Upside Securities due June 25, 2021 linked inversely 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 $10 plus triple the absolute value of any index decline, up to a maximum payment of $11.955 per PLUS.
Investors will lose 1% for each 1% index gain, with a minimum payout of zero.
Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Bearish Performance Leveraged Upside Securities
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| Underlying index: | S&P 500 index
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| Amount: | $8 million
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| Maturity: | June 25, 2021
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus triple the absolute value of any index decline, up to a maximum payment of $11.955 per PLUS; investors will lose 1% for each 1% index gain, with a minimum payout of zero
|
| Initial level: | 3,066.59
|
| Pricing date: | June 15
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| Settlement date: | June 18
|
| Agent: | Goldman Sachs & Co. LLC with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 2.35%
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| Cusip: | 36259J456
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