Chicago, Dec. 19 – GS Finance Corp. priced $650,000 of 0% equity-linked trigger notes due Dec. 26, 2024 based on the common stock of Devon Energy Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If the final stock price is equal to or greater than 70% of the initial level, the payout at maturity will be par plus 18.42%.
If the final level of the stock is less than the trigger, investors will be fully exposed to 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.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Equity-linked trigger notes
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| Underlying stock: | Devon Energy Corp.
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| Amount: | $650,000
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| Maturity: | Dec. 26, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final stock price is equal to or greater than trigger level, par plus 18.42%, otherwise, full exposure to any losses
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| Initial level: | $43.46
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| Trigger level: | 70% of initial level
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| Pricing date: | Dec. 8
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| Settlement date: | Dec. 13
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| Underwriter: | Goldman Sachs & Co. LLC
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| Placement agent: | JPMorgan Securities LLC
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| Fees: | 1%
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| Cusip: | 40057XHS7
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