By William Gullotti
Buffalo, N.Y., June 27 – GS Finance Corp. priced $3.52 million of 0% index-linked notes due June 25, 2027 linked to the performance of 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 return of the index is zero or positive, the payout at maturity will be par plus the index return.
If the index falls by up to 40%, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to the index’s decline from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,521,000
|
| Maturity: | June 25, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is zero or positive, par plus index return; if the index falls but the final underlier level is greater than or equal to the 60% trigger buffer level, par plus the absolute value of the return; if the index falls by more than 40%, investors will be fully exposed to the index’s decline from its initial level
|
| Initial level: | 3,759.89
|
| Trigger buffer level: | 60% of initial level
|
| Pricing date: | June 22
|
| Settlement date: | June 27
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.4%
|
| Cusip: | 40057MGZ6
|
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