Chicago, Aug. 11 – GS Finance Corp. priced $994,000 of 0% buffered index-linked notes due July 31, 2028 based on the performance of the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus any index gain.
If the index falls by up to 39.5%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 39.5%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered index-linked notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $994,000
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| Maturity: | July 31, 2028
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus any index gain; if index falls by up to 39.5%, par; 1% loss for every 1% decline beyond 39.5%
|
| Initial index level: | 35,520.12
|
| Buffer level: | 60.5% of initial level
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.3%
|
| Cusip: | 40057TH56
|
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