By Susanna Moon
Chicago, June 6 – GS Finance Corp. priced $396,000 of 0% notes due June 12, 2019 tied to the S&P Oil & Gas Exploration & Production Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the gain up to a maximum settlement amount of $1,142.5 for each $1,000 principal amount.
If the index falls by up to its 70% knock-out level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter with JPMorgan as a placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Notes
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| Underlying index: | S&P Oil & Gas Exploration & Production Select Industry
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| Amount: | $396,000
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| Maturity: | June 12, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 1.5 times return, capped at 14.25%; if index falls by up to 30%, par; otherwise, 1% loss for each 1% decline
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| Initial level: | 6,214.75
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| Trigger level: | 70% of initial level
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| Pricing date: | May 25
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| Settlement date: | May 31
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| Agent: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
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| Fees: | 1.1%
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| Cusip: | 40055QAG7
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