By Wendy Van Sickle
Columbus, Ohio, Aug. 27 – GS Finance Corp. priced $1.01 million of 0% index-linked notes due Sept. 10, 2020 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.
If the index return is greater than or equal to its initial level, the payout at maturity will be par plus the lesser of the return and 7%.
If the index falls but not below 81.32% of its initial level, the payout at maturity will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to the index decline.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying index: | S&P 500
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| Amount: | $1.01 million
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| Maturity: | Sept. 10, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is greater than or equal its initial level, par plus the lesser of the return and 7%; if the index declines, but not below 81.32% of initial level, par plus absolute value of index return; otherwise, full exposure to loss
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| Initial level: | 2,847.11
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| Pricing date: | Aug. 23
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| Settlement date: | Aug. 28
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| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
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| Fees: | 1.1%
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| Cusip: | 40056X5B8
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