New Issue: GS Finance prices $3.36 million index-linked trigger notes on S&P

By William Gullotti

Buffalo, N.Y., Nov. 18 – GS Finance Corp. priced $3.36 million of 0% index-linked trigger notes due Nov. 29, 2023 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the final level of the index is equal to or greater than 85% of the initial level, the payout at maturity will be par plus 13.36%.

Otherwise, investors will be fully exposed to the losses of the index.

Goldman Sachs & Co. LLC is the underwriter. JPMorgan is working as the placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked trigger notes
Underlying index:	S&P 500 index
Amount:	$3,362,000
Maturity:	Nov. 29, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the final level of the index is equal to or greater than the trigger level, par plus 13.36%; otherwise, full exposure to losses of index
Initial index level:	3,992.93
Trigger level:	85% of initial level
Pricing date:	Nov. 11
Settlement date:	Nov. 16
Underwriter:	Goldman Sachs & Co. LLC
Placement agent:	JPMorgan Securities LLC
Fees:	1%
Cusip:	40057NXP7

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