By Wendy Van Sickle
Columbus, Ohio, June 22 – GS Finance Corp. priced $1.45 million of 0% trigger notes due Dec. 20, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than or equal to 78.5% of the initial index level, the payout at maturity will be par of $1,000 plus the index return, subject to a floor of par.
If the final index level is less than 78.5% of the initial index level, investors will be fully exposed to the index’s decline from its initial level.
The index’s final level will be the average of its closing levels on the five trading days ending Dec. 15, 2017.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $1.45 million
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| Maturity: | Dec. 20, 2017
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If index finishes at or above 78.5% of the initial index level, par plus the index return, subject to a floor of par; otherwise, investors will be fully exposed to the index’s decline from its initial level
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| Initial index level: | 2,849.17
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| Final level: | Average of index closing levels on the five trading days ending Dec. 15, 2017
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| Pricing date: | June 17
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| Settlement date: | June 22
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| Underwriter: | Goldman, Sachs & Co. with JPMorgan as placement agent
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| Fees: | 1.35%
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| Cusip: | 40054KED4
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