By Sarah Lizee
Olympia, Wash., Nov. 15 – GS Finance Corp. priced $1.5 million of 0% digital equity-linked trigger notes due Dec. 16, 2020 linked to the common stock of Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final stock price is equal to or greater than 70% of the initial price, the payout at maturity will be the maximum settlement amount of $1,094.1 per $1,000 of notes.
Otherwise, investors will be fully exposed to the decline of the stock from its initial price.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Digital equity-linked trigger notes
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| Underlying stock: | Boeing Co.
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| Amount: | $1.5 million
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| Maturity: | Dec. 16, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final stock price is equal to or greater than 70% of the initial price, $1,094.1 per $1,000 of notes; otherwise, investors will be fully exposed to the decline of the stock from its initial price
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| Initial stock level: | $351.00
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| Trigger buffer level: | 70% of initial level
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| Pricing date: | Nov. 12
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| Settlement date: | Nov. 19
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.92%
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| Cusip: | 40056XQ25
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