By Marisa Wong
Morgantown, W.Va., July 16 – GS Finance Corp. priced $4.9 million of 0% buffered index-linked notes due Sept. 1, 2020 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 gain, capped at 19%.
If the index falls by up to 20%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1.25% for every 1% decline in the index beyond 20%.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered index-linked notes
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| Underlying index: | S&P 500
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| Amount: | $4.9 million
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| Maturity: | Sept. 1, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus the index gain, capped at 19%; if the index falls by up to 20%, par plus the absolute value of the index return; 1.25% loss for every 1% decline in the index beyond 20%
|
| Initial index level: | 2,699.63
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| Pricing date: | June 27
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| Settlement date: | July 2
|
| Underwriter: | Goldman, Sachs & Co.
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| Fees: | 0.875%
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| Cusip: | 40055QHB1
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