By Kiku Steinfeld
Chicago, Aug. 5 – GS Finance Corp. priced $821,000 of 0% leveraged equity-linked notes due Aug. 3, 2022 tied to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the stock return is greater than or equal to its initial level, the payout at maturity will be par plus 1.5 times the return, up to par plus 17.55%.
If the stock falls by up to 15%, the payout will be par.
If the stock return is below negative 15%, investors will lose 1% for every 1% decline of the stock from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged equity-linked notes
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| Underlying stock: | Walt Disney Co.
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| Amount: | $821,000
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| Maturity: | Aug. 3, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If stock return is greater than or equal to initial level, par plus 1.5 times the return, up to par plus 17.55%; if stock falls by up to 15%, par; otherwise, full exposure to loss
|
| Initial level: | $179.31
|
| Trigger level: | 85% of initial levels
|
| Pricing date: | July 16
|
| Settlement date: | July 21
|
| Underwriter: | Goldman, Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40057HVW7
|
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