By Marisa Wong
Morgantown, W.Va., Dec. 12 – GS Finance Corp. priced $2.5 million of 0% index-linked notes due Jan. 10, 2020 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is zero or positive, the payout at maturity will be par plus triple the index return, subject to a maximum settlement amount of $1,772.50 per $1,000 of notes.
If the index return is negative but greater than or equal to negative 20%, the payout will be par plus 0.5 times the absolute value of the index return.
If the index falls by more than 20%, investors will be fully exposed to the index decline.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $2.5 million
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| Maturity: | Jan. 10, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is zero or positive, par plus 3 times return, capped at 77.25%; if index return is negative but at least negative 20%, par plus 0.5 times absolute value of index return; otherwise, full exposure to index decline
|
| Initial index level: | 3,052.75
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| Pricing date: | Dec. 5
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| Settlement date: | Dec. 8
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| Underwriter: | Goldman, Sachs & Co.
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| Fees: | 0.5%
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| Cusip: | 40054KRL2
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