By Sarah Lizee
Olympia, Wash., June 4 – GS Finance Corp. priced $1.08 million of 0% index-linked notes due June 4, 2021 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 index return is zero or positive, the payout at maturity will be par plus the index return.
If the index falls by up to 19.5%, the payout will be par plus the absolute value of the index return.
If the index falls by more than 19.5%, the payout will be par plus the index return with full exposure to losses.
Goldman, Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,075,000
|
| Maturity: | June 4, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is zero or positive, par plus index return; if index falls by up to 19.5%, par plus the absolute value of the index return; otherwise, full exposure to losses
|
| Initial index level: | 2,724.01
|
| Pricing date: | May 30
|
| Settlement date: | June 4
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 3%
|
| Cusip: | 40055QBP6
|
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