Chicago, March 11 – GS Finance Corp. priced $5.83 million of 0% absolute return trigger notes due May 11, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A barrier event will occur if the index closes below the lower barrier, 81.4% of the initial level, or above the upper barrier, 118.6% of the initial level, on any day during the life of the notes.
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 par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Absolute return trigger notes
|
| Underlying index: | S&P 500
|
| Amount: | $5,825,000
|
| Maturity: | May 11, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus absolute value of index return unless index closes below lower barrier or above upper barrier on any day during life of notes, in which case par
|
| Initial level: | 3,090.23
|
| Lower barrier: | 81.4% of initial level
|
| Upper barrier: | 118.6% of initial level
|
| Pricing date: | March 2
|
| Settlement date: | March 9
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.375%
|
| Cusip: | 40056YL77
|
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