New Issue: GS Finance prices $44.14 million trigger notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., March 18 – GS Finance Corp. priced $44.14 million of 0% trigger notes due March 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.

If the final index level is greater than or equal to 65% of the initial level, the payout at maturity will be par plus 1.5 times the index return, subject to a minimum payout of par. Otherwise, investors will experience a loss proportionate to the index’s decline.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Trigger notes
Underlying index:	S&P 500
Amount:	$44,138,000
Maturity:	March 19, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to 65% of initial level, par plus 1.5 times index return, subject to minimum payout of par; otherwise, investors will experience a loss proportionate to index’s decline
Initial index level:	2,027.22
Pricing date:	March 16
Settlement date:	March 21
Underwriter:	Goldman Sachs & Co.
Fees:	2.05%
Cusip:	40054K6P6

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