By Angela McDaniels
Tacoma, Wash., Dec. 11 – GS Finance Corp. priced $10.9 million of 0% trigger notes due Dec. 14, 2021 linked to the Nikkei 225 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 75% of the initial index level, the payout at maturity will be par plus 1.39 times the index return, subject to a minimum payout of par. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level.
Goldman Sachs & Co. LCC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger notes
|
| Underlying index: | Nikkei 225
|
| Amount: | $10.9 million
|
| Maturity: | Dec. 14, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than or equal to 75% of initial index level, par plus greater of 1.39 times index return and zero; otherwise, 1% loss for every 1% that final index level is less than initial index level
|
| Initial index level: | 22,498.03
|
| Pricing date: | Dec. 7
|
| Settlement date: | Dec. 14
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.3%
|
| Cusip: | 40055AAY3
|
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