By Marisa Wong
Morgantown, W.Va., April 10 – GS Finance Corp. priced $1.39 million of 0% trigger notes due Oct. 1, 2020 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 75% of the initial index level, the payout at maturity will be par plus the greater of zero and 2 times the index return. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| 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: | $1.39 million
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| Maturity: | Oct. 1, 2020
|
| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is greater than or equal to 75% of initial index level, par plus greater of zero and 2 times the index return; otherwise, 1% loss for every 1% that final index level is less than initial index level
|
| Initial index level: | 3,465.07
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| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 3%
|
| Cusip: | 40054KZB5
|
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