By Sarah Lizee
Olympia, Wash., June 17 – GS Finance Corp. priced $829,000 of 0% leveraged index-linked notes due June 18, 2024 tied to the Dow Jones industrial average, 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 1.3075 times the index return.
If the index declines by up to 50%, the payout will be par.
Otherwise, the payout will be par plus the return of the index with full exposure to the loss.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $829,000
|
| Maturity: | June 18, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, par plus 1.3075 times the index return; if the index declines by up to 50%, par; otherwise, par plus the return of the index with full exposure to the loss
|
| Initial index level: | 26,106.77
|
| Pricing date: | June 13
|
| Settlement date: | June 18
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.37%
|
| Cusip: | 40056FNW1
|
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