By Wendy Van Sickle
Columbus, Ohio, Aug. 17 – GS Finance Corp. priced $4.34 million of 0% absolute return trigger notes due Feb. 12, 2020 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
A barrier event will occur if on any day during the life of the notes the closing level of underlier declines below the lower barrier of 85.75% of the initial underlier level or increases above the upper barrier of 114.25% of the initial underlier level.
If a barrier event has not occurred, the payout at maturity will be par plus the absolute value of the index return.
If a barrier event has occurred, the payout will be $1,010 per $1,000 principal amount.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Absolute return trigger notes
|
| Underlying index: | Nasdaq-100
|
| Amount: | $4,343,000
|
| Maturity: | Feb. 12, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index stays within a barrier range, par plus the absolute value of the index return; otherwise, $1,010 per $1,000 principal amount
|
| Initial index level: | 7,469.545
|
| Lower barrier: | 85.75% of initial level
|
| Upper barrier: | 114.25% of initial level
|
| Pricing date: | Aug. 8
|
| Settlement date: | Aug. 13
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.35%
|
| Cusip: | 40055QSZ6
|
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