By Marisa Wong
Los Angeles, July 10 – GS Finance Corp. priced $2.23 million of 0% leveraged buffered index-linked notes due Aug. 30, 2021 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.
If the index finishes above its initial level, the payout at maturity will be par plus 2 times the gain, capped at par plus 13.25%.
If the index finishes flat or falls by up to 5%, investors will receive par. Otherwise, investors will lose 1% for every 1% decline beyond 5%.
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: | Leveraged buffered index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $2.23 million
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| Maturity: | Aug. 30, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2 times any index gain, capped at par plus 13.25%; par if index finishes flat or falls by up to 5%; otherwise, 1% loss for every 1% decline beyond 5%
|
| Initial index level: | 3,083.76
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| Pricing date: | June 25
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| Settlement date: | June 30
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.85%
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| Cusip: | 40057CCA7
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