By William Gullotti
Buffalo, N.Y., June 26 – GS Finance Corp. priced $1.26 million of 0% leveraged equity-linked notes due Dec. 19, 2024 tied to the stock performance of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock return is positive, the payout at maturity will be par plus 200% of the stock return, subject to a maximum payout of par plus 24.55%.
If the stock finishes flat or declines by up to 20%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the stock from its initial level.
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 equity-linked notes
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| Underlying stock: | Apple Inc.
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| Amount: | $1.26 million
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| Maturity: | Dec. 19, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the stock return is positive, par plus 200% of the stock return, capped par plus at 24.55%; if the stock is flat or declines by up to 20%, par; otherwise, investors will be fully exposed to the decline of the stock from its initial level
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| Initial level: | $184.92
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| Trigger level: | 80% of initial level
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| Pricing date: | June 16
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| Settlement date: | June 22
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 2.25%
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| Cusip: | 40057TC69
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