By Marisa Wong
Morgantown, W.Va., Sept. 2 – GS Finance Corp. priced $2.81 million of 0% trigger step securities due Aug. 30, 2019 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the index return and 14%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% downside threshold level.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger step securities
|
| Underlying index: | S&P 500
|
| Amount: | $2,812,300
|
| Maturity: | Aug. 30, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index gains par plus greater of 14% and return; par if index falls by 25% or less; full exposure to losses if index finishes below downside threshold level
|
| Initial level: | 2,169.04
|
| Downside threshold: | 1,626.78, 75% of initial level
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 2.675%
|
| Cusip: | 36250Y502
|
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