By Devika Patel
Knoxville, Tenn., April 12 – GS Finance Corp. priced $1.42 million of 0% trigger notes due July 19, 2017 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final share price is greater than or equal to 85% of the initial share price, the payout at maturity will be par plus 14.2%. If the final share price is less than 85% of the initial share price, investors will be fully exposed to the stock’s decline from its initial share price.
The final share price will be average of its closing share prices on the five trading days ending July 14, 2017.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger notes
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| Underlying stock: | Apple Inc. (Symbol: AAPL)
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| Amount: | $1.42 million
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| Maturity: | July 19, 2017
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If final share price is greater than or equal to 85% of initial price, par plus 14.2%; otherwise, full exposure to decline
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| Initial share price: | $108.66
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| Pricing date: | April 8
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| Settlement date: | April 13
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| Underwriter: | Goldman, Sachs & Co.
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| Fees: | 1.23%
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| Cusip: | 40054KAD8
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