By Susanna Moon
Chicago, Sept. 23 – Goldman Sachs Group, Inc. priced $1.36 million of 0% absolute return notes due Sept. 27, 2021 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus 1.35 times the gain.
If the index falls by up to the 70% trigger level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Absolute return notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $1.36 million
|
| Maturity: | Sept. 27, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.35 times any gain; if index falls by up to 30%, par plus absolute return; otherwise, full exposure to any losses
|
| Initial level: | 16,384.58
|
| Trigger level: | 70% of initial level
|
| Pricing date: | Sept. 18
|
| Settlement date: | Sept. 25
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 3.625%
|
| Cusip: | 38148TD55
|
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