By Wendy Van Sickle
Columbus, Ohio, July 12 – GS Finance Corp. priced $14.38 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.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the fund finishes at or above its threshold level, 80% of initial level, the payout at maturity will be par plus 19.43%.
Otherwise, investors will lose 1.25% for every 1% that the fund declines below 20%.
Goldman Sachs & Co. LLC is the agent with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Digital fund-linked notes
|
| Underlying fund: | Energy Select Sector SPDR fund
|
| Amount: | $14,384,000
|
| Maturity: | Dec. 31, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund finishes at or above threshold level, par plus 19.43%; otherwise, 1.25% loss for every 1% of fund decline beyond 20%
|
| Initial fund level: | $78.93
|
| Threshold level: | 80% of initial level
|
| Pricing date: | June 27
|
| Settlement date: | June 30
|
| Agent: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
|
| Fees: | 1.25%
|
| Cusip: | 40057T5C4
|
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