By William Gullotti
Buffalo, N.Y., Aug. 2 – GS Finance Corp. priced $5.77 million of 0% buffered digital index-linked notes due July 31, 2024 linked 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 greater than or equal to its final buffer value, 90% of its initial level, the payout at maturity will be the greater of par plus the index return and par plus 23%.
Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered digital index-linked notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $5,766,000
|
| Maturity: | July 31, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final index level is greater or equal to 90% of its initial level, the greater of par plus the index return and par plus 23%; if the index falls by more than 10%, 1.1111% loss for every 1% decline beyond 10%
|
| Initial index level: | 4,064.83
|
| Buffer value: | 90% of initial level
|
| Pricing date: | July 27
|
| Settlement date: | Aug. 3
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.95%
|
| Cusip: | 40057HWC0
|
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