New York, July 14 – GS Finance Corp. priced $3.25 million of 0% index-linked notes due July 18, 2022 linked to 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.
If the index gains by more than 15%, the payout at maturity will be par plus 15% plus 1.3 times the index’s gain beyond 15%.
If the index gains but by less than or equal to 15% or if the index declines but loses no more than 30%, the payout at maturity will be par plus 15%.
Otherwise, investors will participate in the full decline of the index.
Goldman, Sachs & Co. is the agent. Incapital LLC will act as distributor.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $3,254,000
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| Maturity: | July 18, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains by more than 15%, par plus 15% plus 1.3 times index’s gain beyond 15%; if index gains but by less than or equal to 15% or declines but by no more than 30%, par plus 15%; otherwise, participation in decline of index
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| Initial index level: | 21,409.07
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| Pricing date: | July 11
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| Settlement date: | July 18
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| Underwriter: | Goldman, Sachs & Co., Incapital LLC as distributor
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| Fees: | 0.35%
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| Cusip: | 40054LKJ2
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