By Sarah Lizee
Olympia, Wash., June 28 – GS Finance Corp. priced $1.06 million of 0% buffered index-linked notes due June 29, 2023 tied 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 positive, the payout at maturity will be par plus the index return.
Investors will receive par if the index falls by up to 28% and lose 1% for every 1% decline in the index beyond 28%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,063,000
|
| Maturity: | June 29, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, par plus the index return; par if index falls by up to 28%; 1% loss for every 1% decline beyond 28%
|
| Initial index level: | 2,723.06
|
| Pricing date: | June 26
|
| Settlement date: | June 29
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 4.475%
|
| Cusip: | 40055QBD3
|
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