By Sarah Lizee
Olympia, Wash., Dec. 28 – GS Finance Corp. priced $2.75 million of 0% index-linked notes due June 7, 2022 tied to the lesser performing of the Russell 2000 index and 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 return of each index is positive, the payout at maturity will be par plus 36.25%.
If the lesser performing index falls by up to 30%, the payout will be par plus the absolute value of the return of the lesser performing index.
Otherwise, investors will be fully exposed to the loss of the lesser performing index.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $2.75 million
|
| Maturity: | June 7, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the return of each index is positive, par plus 36.25%; if the lesser performing index falls by up to 30%, par plus the absolute value of the return of the lesser performing index; otherwise, investors will be fully exposed to the loss of the lesser performing index
|
| Initial levels: | 2,760.17 for S&P, 1,533.266 for Russell
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 5
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.25%
|
| Cusip: | 40056EHC5
|
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