By Wendy Van Sickle
Columbus, Ohio, June 15 – GS Finance Corp. priced $8.25 million of 0% leveraged index-linked notes due June 12, 2026 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, capped at par plus 32.75%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any index decline if it falls by more than 25%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Issue: | Leveraged index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $8.25 million
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| Maturity: | June 12, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is positive, par plus 300% of the index return, capped at par plus 32.75%; par if index falls by up to 25%; otherwise, full exposure to loss
|
| Initial index level: | 4,298.86
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| Pricing date: | June 9
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| Settlement date: | June 14
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.75%
|
| Cusip: | 40057TA87
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