By William Gullotti
Buffalo, N.Y., June 17 – GS Finance Corp. priced $2 million of 0% buffered digital index-linked notes due June 13, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above initial level, the payout at maturity will be par plus 30%.
Investors will receive par if the index declines up to 10%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered digital index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $2 million
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| Maturity: | June 13, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above its initial level, par plus 30%; if the index falls by up to 10%, par; otherwise, 1% loss for every 1% decline beyond 10%
|
| Initial index level: | 3,900.86
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| Buffer value: | 90% of initial level
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| Pricing date: | June 10
|
| Settlement date: | June 15
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.5%
|
| Cusip: | 40057MDY2
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