New York, Aug. 31 – Goldman Sachs Group, Inc. priced $10.46 million of 0% trigger performance securities due Aug. 31, 2020 linked to the Euro Stoxx 50 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 of $10 plus 1.74 times the index return.
If the index return is zero or negative and the index’s final level is greater than or equal to the trigger level, 75% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
Goldman, Sachs & Co. is the agent.
| Issuer: | Goldman Sachs Group, Inc.
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| Issue: | Trigger performance securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $10,459,460
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| Maturity: | Aug. 31, 2020
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 1.74 times any index gain; par if index falls by 25% or less; full exposure to losses if index finishes below trigger level
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| Initial index level: | 3,280.78
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| Trigger level: | 2,460.59, 75% of initial level
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| Pricing date: | Aug. 27
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| Settlement date: | Aug. 31
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 3.85%
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| Cusip: | 38148X175
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