By William Gullotti
Buffalo, N.Y., June 11 – GS Finance Corp. priced $1.68 million of 0% index-linked trigger notes due May 16, 2024 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final level of the index is equal to or greater than 62% of the initial level, the payout at maturity will be at least par and if above the initial level, par plus the index return.
Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is working as the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked trigger notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1,680,000
|
| Maturity: | May 16, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes above initial level, par plus return of index; par if index finishes above trigger level; otherwise, full exposure to losses of index
|
| Initial index level: | 3,947.43
|
| Trigger level: | 62% of initial level
|
| Pricing date: | May 13
|
| Settlement date: | May 18
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Placement agent: | JPMorgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 40057HCP3
|
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