By Wendy Van Sickle
Columbus, Ohio, July 6 – GS Finance Corp. priced $12.34 million of 0% digital notes due July 5, 2019 linked to 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.
If the final index level is greater than or equal to 85% of the initial index level, the payout at maturity will be the threshold settlement amount, $1,089.50 per $1,000 of notes.
Investors will lose 1.1765% for each 1% decline beyond the 15%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Digital notes
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| Underlying index: | S&P 500
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| Amount: | $12.34 million
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| Maturity: | July 5, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final index level is greater than or equal to 85% of initial index level, $1,089.50 per $1,000 of notes; 1.1765% loss for each 1% decline beyond 15%
|
| Initial index level: | 2,429.01
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| Pricing date: | July 3
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| Settlement date: | July 11
|
| Underwriter: | Goldman Sachs & Co.
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| Fees: | 1.25%
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| Cusip: | 40054LK60
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