Chicago, June 15 – GS Finance Corp. priced $1.81 million of 0% index-linked notes due June 4, 2024 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.
The return of the notes will be based on the performance of the index on each trading day during the life of the notes.
Specifically, investors will receive a positive return if the index never closes more than 20% from its initial level or closes 10% above its initial level. In this case, investors will receive par plus 20% at maturity.
If the index closes outside of that range on any day, investors will receive par.
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: | $1,810,000
|
| Maturity: | June 4, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 20% if index closes within range of 80% of initial level and 110% of initial level on every trading day during life of notes; otherwise, par
|
| Initial level: | 4,179.83
|
| Upper barrier: | 110% of initial level
|
| Lower barrier: | 80% of initial level
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40057T4A9
|
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