New Issue: GS Finance sells $6.62 million trigger notes linked to S&P 500

By Sarah Lizee

Olympia, Wash., Jan. 8 – GS Finance Corp. priced $6.62 million of 0% trigger notes due April 8, 2020 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 79.95% of the initial index level, the payout at maturity will be par plus 10%.

If the final index level is less than 79.95% 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.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Trigger notes
Underlying index:	S&P 500 index
Amount:	$6,619,000
Maturity:	April 8, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater than or equal to 79.95% of the initial index level, par plus 10%; otherwise, 1% loss for every 1% that the final index level is less than the initial index level
Initial level:	2,531.94
Final level:	Average of index closing levels on five trading days ending April 3, 2020
Pricing date:	Jan. 4
Settlement date:	Jan. 9
Underwriter:	Goldman Sachs & Co. with JPMorgan as placement agent
Fees:	1.22%
Cusip:	40056EST6

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