By William Gullotti
Buffalo, N.Y., July 22 – GS Finance Corp. priced $1.22 million of 0% digital index-linked notes due July 22, 2027 linked to the MSCI Emerging Markets 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 at or above its initial level, the payout at maturity will be the greater of par plus 55% and par plus the index return.
If the index falls no more than 30%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Digital index-linked notes
|
| Underlying index: | MSCI Emerging Markets index
|
| Amount: | $1,217,000
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| Maturity: | July 22, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above initial level, the greater of par plus 55% and par plus the index return; if the index declines up to 30%, par; otherwise, 1% loss for every 1% of index decline from initial level
|
| Initial index level: | 979.94
|
| Threshold level: | 70% of initial level
|
| Pricing date: | July 19
|
| Settlement date: | July 22
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | None
|
| Cusip: | 40057MN96
|
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