New Issue: GS Finance sells $136,000 trigger notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., May 4 – GS Finance Corp. priced $136,000 of 0% trigger notes due April 29, 2021 linked 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 index level is greater than or equal to 70% of the initial index level, the payout at maturity will be par plus the greater of (a) 1.26 times the index return and (b) zero. 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.
Issue:	Trigger notes
Underlying index:	S&P 500
Amount:	$136,000
Maturity:	April 29, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater than or equal to 70% of the initial index level, par plus the greater of (a) 1.26 times the index return and (b) zero; otherwise, 1% loss for every 1% that the final index level is less than the initial index level
Initial index level:	2,388.61
Pricing date:	April 25
Settlement date:	April 28
Underwriter:	Goldman Sachs & Co.
Fees:	1.3%
Cusip:	40054L4Q4

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