By Marisa Wong
Los Angeles, Aug. 21 – GS Finance Corp. priced $34,902,450 of 4.35% trigger callable yield notes due Aug. 24, 2021 linked to the Invesco S&P 500 Equal Weight exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable monthly.
The notes are callable at par of $10 on any coupon payment date after three months.
The payout at maturity will be par unless the ETF finishes below its 55% downside threshold level, in which case investors will lose 1% for each 1% decline of the ETF.
Goldman Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger callable yield notes
|
| Underlying ETF: | Invesco S&P 500 Equal Weight ETF
|
| Amount: | $34,902,450
|
| Maturity: | Aug. 24, 2021
|
| Coupon: | 4.35% per year, payable monthly
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless ETF finishes below downside threshold, in which case 1% loss for each 1% decline of ETF
|
| Call option: | At par monthly on any coupon date after three months
|
| Initial price: | $109.96
|
| Downside threshold: | $60.48; 55% of initial price
|
| Pricing date: | Aug. 19
|
| Settlement date: | Aug. 24
|
| Underwriter: | Goldman Sachs & Co. with UBS Financial Services Inc. as selling agent
|
| Fees: | 1.1%
|
| Cusip: | 36259L311
|
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