By Wendy Van Sickle
Columbus, Ohio, Jan. 7 – GS Finance Corp. priced $6 million of 2% fixed-coupon index-linked notes due Dec. 30, 2030 linked to the lesser performing of the Euro Stoxx 50 index and the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable monthly.
The payout at maturity will be par plus 154% of any gain of the lesser-performing index; it will be par if the lesser performing index falls by up to 50%, and investors will be fully exposed to the loss of the least performing index if it falls by more than 50%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Fixed-coupon index-linked notes
|
| Underlying indexes: | Euro Stoxx 50, Euro Stoxx Banks
|
| Amount: | $6 million
|
| Maturity: | Dec. 30, 2030
|
| Coupon: | 2%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus 154% of any gain of the lesser-performing index; par if lesser performing index falls by up to 50%; full exposure to loss of lesser-performing index if it falls by more than 50%
|
| Initial levels: | 3,539.26 for Euro Stoxx 50, 78.48 for Euro Stoxx Banks
|
| Pricing date: | Dec. 23
|
| Settlement date: | Dec. 29
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 6.45%
|
| Cusip: | 40057EY76
|
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