By Wendy Van Sickle
Columbus, Ohio, May 19 – GS Finance Corp. priced $51.38 million of 4.85% trigger callable yield notes due May 19, 2021 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.
Interest is payable quarterly.
The notes are callable at par on any coupon payment date.
The payout at maturity will be par of $10 unless the index finishes below its 50% downside threshold level, in which case investors will lose 1% for each 1% decline of the index.
Goldman, Sachs & Co. and UBS Financial Services Inc. are the agents.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Trigger callable yield notes
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Underlying index: | S&P 500 index
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Amount: | $51,381,100
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Maturity: | May 19, 2021
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Coupon: | 4.85% per year, payable quarterly
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Price: | Par of $10
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Payout at maturity: | Par unless index finishes below downside threshold, in which case 1% loss for each 1% decline of index
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Call option: | At par quarterly on any coupon date
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Initial level: | 2,863.7
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Downside threshold: | 1,431.85; 50% of initial level
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Pricing date: | May 15
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Settlement date: | May 20
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Underwriter: | Goldman, Sachs & Co. and UBS Financial Services Inc.
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Fees: | 1.05%
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Cusip: | 36259J258
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