By Marisa Wong
Los Angeles, July 13 – GS Finance Corp. priced $557,000 of 0% leveraged buffered index-linked notes due June 30, 2025 tied to the Dow Jones U.S. Select Dividend index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes above its initial level, the payout at maturity will be par plus 1.075 times the gain.
If the index finishes flat or falls by up to 20%, investors will receive par. Otherwise, investors will lose 1% for every 1% decline beyond 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered index-linked notes
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| Underlying index: | Dow Jones U.S. Select Dividend index
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| Amount: | $557,000
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| Maturity: | June 30, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.075 times any index gain; par if index finishes flat or falls by up to 20%; otherwise, 1% loss for every 1% decline beyond 20%
|
| Initial index level: | 573.53
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| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.2%
|
| Cusip: | 40057C4M0
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