By Kiku Steinfeld
Chicago, June 22 – GS Finance Corp. priced $1.908 million of 0% leveraged index-linked notes due May 29, 2026 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.465 times the index return.
Otherwise, the index return is zero or negative but not below -30%, the payout will be par plus the absolute value of the index return. Otherwise, investors will be fully exposed to the losses of the index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | Euro Stoxx 50
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| Amount: | $263,000
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| Maturity: | May 29, 2026
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 1.465 times return; if return is zero or negative but not below -30%, par the index return; otherwise, full exposure to losses
|
| Initial index level: | 4,025.78
|
| Trigger level: | 70% of initial level
|
| Pricing date: | May 21
|
| Settlement date: | May 26
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | None
|
| Cusip: | 40057HA59
|
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