By Wendy Van Sickle
Columbus, Ohio, May 2 – GS Finance Corp. priced $896,200 of 0% trigger step securities due April 30, 2021 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the index return and the step return of 35.25%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% downside threshold level.
Goldman, Sachs & Co. is the agent.
Goldman Sachs Group, Inc. is the guarantor.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger step securities
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| Underlying index: | S&P 500
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| Amount: | $896,200
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| Maturity: | April 30, 2021
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index gains par plus greater of 35.25% and return; par if index falls by 25% or less; full exposure to losses if index finishes below downside threshold level
|
| Initial level: | 2,388.61
|
| Downside threshold: | 1,791.46, 75% of initial level
|
| Pricing date: | April 25
|
| Settlement date: | April 28
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 0.3%
|
| Cusip: | 36251V507
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