By Marisa Wong
Morgantown, W.Va., Nov. 10 – GS Finance Corp. priced $790,000 of 0% commodity-linked notes due May 11, 2023 tied to the U.S. Dollar LBMA Gold Price PM, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
A trigger event occurs if the gold price closes at or above the trigger level, 193% of the initial price, on any day during the life of the notes.
If a trigger event has not occurred, the payout at maturity will be the greater of par and par plus the gold return.
If a trigger event has not occurred, the payout will be par plus 5%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Commodity-linked notes
|
| Underlying asset: | U.S. Dollar LBMA Gold Price PM
|
| Amount: | $790,000
|
| Maturity: | May 11, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If gold price never closes at or above 193% of initial price during life of notes, greater of par and par plus gold return; otherwise, par plus 5%
|
| Initial price: | $1,270.90
|
| Pricing date: | Nov. 6
|
| Settlement date: | Nov. 9
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.35%
|
| Cusip: | 40054LY57
|
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