By Wendy Van Sickle
Columbus, Ohio, Sept. 4 – GS Finance Corp. priced $5.22 million of 0% trigger autocallable notes due Sept. 2, 2020 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Beginning in February 2019, the notes will be automatically called at par of $10 plus a call return of 7.1% a year if the ETF closes at or above its initial level on any quarterly call observation date.
The payout will be par plus 14.02% if the ETF finishes positive. The payout will be par if the ETF falls by up to 20% declines by up to 20%. Otherwise, investors will have full exposure to the decline.
Goldman Sachs & Co. and UBS Financial Services Inc. are the underwriters.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger autocallable notes
|
| Underlying ETF: | SPDR S&P 500 ETF Trust
|
| Amount: | $5,220,480
|
| Maturity: | Sept. 2, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Call: | Beginning in February 2019, at par plus 7.1% per year if ETF closes at or above initial level on any quarterly call observation date
|
| Payout at maturity: | Par plus 14.02% if ETF finishes positive; par if ETF declines by up to 20%, par; otherwise, full exposure to decline
|
| Initial levels: | $289.92
|
| Downside threshold: | $231.94, 80% of initial level
|
| Pricing date: | Aug. 28
|
| Settlement date: | Aug. 31
|
| Agents: | Goldman Sachs & Co. and UBS Financial Services Inc.
|
| Fees: | 1.675%
|
| Cusip: | 36255U687
|
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