By William Gullotti
Buffalo, N.Y., June 14 – GS Finance Corp. priced $4.81 million of 7.4% fixed coupon buffered index-linked notes due Aug. 7, 2023 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless the index falls by more than 20%, in which case investors will lose 1.25% for every 1% decline beyond 20%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Fixed coupon buffered index-linked notes
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $4.81 million
|
| Maturity: | Aug. 7, 2023
|
| Coupon: | 7.4% per year, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless index falls by more than 20%, in which case 1.25% loss for every 1% drop beyond 20%
|
| Initial level: | 12,711.68
|
| Strike date: | June 7
|
| Pricing date: | June 8
|
| Settlement date: | June 13
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | None
|
| Cusip: | 40057MDP1
|
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