By Sarah Lizee
Olympia, Wash., May 31 – GS Finance Corp. priced $2.94 million of 0% index-linked trigger notes due Nov. 27, 2019 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Goldman Sachs Group, Inc. guarantees the notes.
If the final index level is equal to or greater than 83.65% of the initial level, the payout at maturity will be par plus the greater of the index return and zero.
Otherwise, investors will receive par plus the index return, with full exposure to the index decline.
The final index level will be the average of the closing index levels on the five trading days ending Nov. 22, 2019.
Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is the placement agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked trigger notes
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Underlying index: | S&P 500 index
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Amount: | $2,936,000
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Maturity: | Nov. 27, 2019
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If final index level is at or above trigger level, par plus index return, with a floor of par; otherwise, par with full exposure to any losses
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Initial index level: | 2,721.33
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Trigger level: | 83.65% of initial level
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Pricing date: | May 25
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Settlement date: | May 31
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Underwriter: | Goldman Sachs & Co., J.P. Morgan Securities LLC as placement agent
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Fees: | 1.35%
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Cusip: | 40055QAF9
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