By Kiku Steinfeld
Chicago, Aug. 20 – GS Finance Corp. priced $349,000 of 0% leveraged index-linked notes due July 26, 2023 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.
The payout at maturity will be par plus 1.08 times any index gain.
If the index finishes flat or falls by no more than 30% of its initial level, 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. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $349,000
|
| Maturity: | July 26, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.08 times any index gain; par if index finishes flat or falls by no more than 30%; otherwise, par plus return of the index with full exposure to loss
|
| Initial index level: | 2,976.61
|
| Trigger buffer level: | 70% of initial level
|
| Pricing date: | July 19
|
| Settlement date: | July 26
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.05%
|
| Cusip: | 40056FQV0
|
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