Chicago, July 22 – GS Finance Corp. priced $3.26 million of 7.2% fixed-coupon index-linked notes due July 19, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
At maturity, investors will receive par if the index finishes above 70% of its initial level.
Otherwise, investors will lose 1 % for each 1% decline of the index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Fixed-coupon index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,260,000
|
| Maturity: | July 19, 2024
|
| Coupon: | 7.2% per year, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par if index finishes above 70% of initial level at maturity; otherwise, 1 % loss for each 1% decline of the index from its initial level
|
| Initial level: | 3,936.69
|
| Barrier level: | 70% of initial level
|
| Pricing date: | July 19
|
| Settlement date: | July 22
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.4%
|
| Cusip: | 40057MNC9
|
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