By William Gullotti
Buffalo, N.Y., July 23 – GS Finance Corp. priced $500,000 of 0% leveraged index-linked notes due July 20, 2027 tied to the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.145 times the index return.
If the index is flat or declines by up to 25%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | S&P 500 Value index
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| Amount: | $500,000
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| Maturity: | July 20, 2027
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the index return is positive, par plus 1.145 times the index return; if the index is flat or declines by up to 25%, par; otherwise, investors will be fully exposed to the decline of the index from its initial level
|
| Initial index level: | 1,460.38
|
| Trigger level: | 75% of initial level
|
| Pricing date: | July 15
|
| Settlement date: | July 20
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.25%
|
| Cusip: | 40057HVC1
|
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