By Wendy Van Sickle
Columbus, Ohio, July 14 – GS Finance Corp. priced $1.25 million of 0% trigger notes due Jan. 9, 2019 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 80% of the initial index level, the payout at maturity will be par plus the greater of zero and the index return, capped at a gain of 16%.
If the final index level is less than 80% of the initial index level, 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 with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger notes
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| Underlying index: | S&P 500
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| Amount: | $1.25 million
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| Maturity: | Jan. 9, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final index level is greater than or equal to 80% of the initial index level, par plus the greater of zero and index return, with a 16% return cap; otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level
|
| Initial index level: | 2,425.18
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| Pricing date: | July 7
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| Settlement date: | July 12
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| Underwriter: | Goldman, Sachs & Co. with JPMorgan as placement agent
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| Fees: | 1.35%
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| Cusip: | 40054LKR4
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