By Marisa Wong
Morgantown, W.Va., July 11 – GS Finance Corp. priced $1.42 million of 0% notes due July 19, 2017 linked to the Stoxx Europe 600 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 zero or positive, the payout at maturity will be par plus the index return, subject to a maximum settlement amount of $1,100 per $1,000 principal amount.
If the index return is negative but the index finishes at or above 81.25% of the initial level, the payout will be par plus the absolute value of the index return. Otherwise, investors will receive par plus the index return, with full exposure to losses.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Notes
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| Underlying index: | Stoxx Europe 600
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| Amount: | $1.42 million
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| Maturity: | July 19, 2017
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus index return, capped at 10%; if index return is negative but index finishes at or above 81.25% of initial level, par plus absolute value of index return; otherwise, par plus index return, with full exposure to losses
|
| Initial index level: | 332.24
|
| Final index level: | Average of index’s closing levels on five trading days ending July 14, 2017
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| Pricing date: | July 1
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| Settlement date: | July 7
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| Underwriter: | Goldman Sachs & Co.
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.1%
|
| Cusip: | 40054KES1
|
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