By Sarah Lizee
Olympia, Wash., June 25 – GS Finance Corp. priced $590,000 of 9.25% buffered fixed-rate notes due June 25, 2020 linked to Libor, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable quarterly.
At maturity, if the return of the reference rate is greater than or equal to negative 50%, the payout will be par.
If the return of the reference rate is less than negative 50%, the payout will be par plus 200% of the reference rate return.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered fixed-rate notes
|
| Amount: | $590,000
|
| Maturity: | June 25, 2020
|
| Coupon: | 9.25%, payable quarterly
|
| Price: | Par of $1,000
|
| Payout at maturity: | If the return of the reference rate is greater than or equal to negative 50%, par; if the return of the reference rate is less than negative 50%, par plus 200% of the reference rate return
|
| Initial reference rate level: | 2.4%
|
| Pricing date: | June 21
|
| Settlement date: | June 25
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.35%
|
| Cusip: | 40056FPW9
|
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