By Wendy Van Sickle
Columbus, Ohio, June 1 – GS Finance Corp. priced $10 million of 0% digital fund-linked notes due Dec. 31, 2024 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final fund level is greater than or equal to 80% of the initial fund level, the payout at maturity will be par plus 18%. Otherwise, investors will lose 1.25% for every 1% that the fund declines beyond 20%.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Digital fund-linked notes
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| Underlying fund: | Energy Select Sector SPDR fund
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| Amount: | $10 million
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| Maturity: | Dec. 31, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final fund level is greater than or equal to 80% of initial fund level, par plus 18%; otherwise, 1.25% loss for every 1% that fund declines beyond 20%
|
| Initial levels: | $80.16
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| Pricing date: | May 24
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| Settlement date: | June 1
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.19%
|
| Cusip: | 40057RYK8
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