By Angela McDaniels
Tacoma, Wash., Jan. 30 – Goldman Sachs Group, Inc. priced $815,000 of 0% trigger performance securities due Jan. 31, 2020 linked to the Euro Stoxx Low Risk Weighted 50 index, according to a 424B2 with the Securities and Exchange Commission.
The index is designed to represent the 50 lowest-volatility companies within the parent index, the Euro Stoxx index, with the components selected quarterly based on their 12-month historical volatility and weighted by the inverse of their 12-month historical volatility (with a weighting cap of 10%).
If the index return is positive, the payout at maturity will be par of $10 plus 150% of the index return. Investors will receive par if the index falls by 25% or less and will be fully exposed to losses from the initial level if it falls by more than 25%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger performance securities
|
| Underlying index: | Euro Stoxx Low Risk Weighted 50 index
|
| Amount: | $815,000
|
| Maturity: | Jan. 31, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 150% of any index gain; par if index falls by 25% or less; full exposure to losses if index finishes below trigger level
|
| Initial index level: | 149.89
|
| Trigger level: | 112.42, 75% of initial level
|
| Pricing date: | Jan. 28
|
| Settlement date: | Jan. 30
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 3.85%
|
| Cusip: | 38148K884
|
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