By Wendy Van Sickle
Columbus, Ohio, July 9 – GS Finance Corp. priced $365,000 11.7% callable fixed-coupon notes due June 28, 2024 linked 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.
Interest is payable quarterly.
The notes will be callable on any quarterly call observation date after one year.
The payout at maturity will be par unless the index finishes below 85% of its initial level, in which case investors will lose 1% for each 1% index decline beyond 15%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable fixed-coupon notes
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| Underlying index: | S&P 500
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| Amount: | $365,000
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| Maturity: | June 28, 2024
|
| Coupon: | 11.7%, payable quarterly
|
| Price: | Par
|
| Call: | Callable at par on any coupon date after one year
|
| Payout at maturity: | Par unless index finishes below 85% of initial level, in which case 1% loss for each 1% decline beyond 15%
|
| Initial levels | 2,913.78
|
| Pricing date: | June 26
|
| Settlement date: | June 28
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 3.43%
|
| Cusip: | 40056FMM4
|
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