By Kiku Steinfeld
Chicago, Aug. 20 – GS Finance Corp. priced $3.67 million of 0% equity-linked trigger notes due Aug. 5, 2020 based on the common stock of Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If the final stock price is equal to or greater than 79% of the initial level, the payout at maturity will be par plus 10%.
If the final level of the stock is less than the 79% trigger level, the payout will be par plus the return with full exposure to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan Securities LLC is the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Equity-linked trigger notes
|
| Underlying stock: | Bank of America Corp.
|
| Amount: | $3,665,000
|
| Maturity: | Aug. 5, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final stock price is equal to or greater than 79% of initial level, par plus 10%, otherwise, par plus the return with full exposure to any losses
|
| Initial level: | $29.40
|
| Trigger level: | 79% of initial level
|
| Pricing date: | July 19
|
| Settlement date: | July 24
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Placement agent: | JPMorgan Securities LLC
|
| Fees: | 1.1%
|
| Cusip: | 40056FUU7
|
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