By Marisa Wong
Morgantown, W.Va., March 5 – GS Finance Corp. priced $2.95 million of 0% trigger notes due Aug. 28, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than or equal to 86% of the initial index level, the payout at maturity will be par plus the greater of zero and the index return.
If the final index level is less than 86% of the initial index level, investors will lose 1% for every 1% that the final index level is less than the initial index level.
Goldman, Sachs & Co. is the underwriter.
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 index: | S&P 500
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Amount: | $2.95 million
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Maturity: | Aug. 28, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final index level is greater than or equal to 86% of the initial index level, par plus the greater of zero and the index return; otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level
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Initial index level: | 2,747.30
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Final level: | Average of closing levels on five averaging dates ending Aug. 23, 2019
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Pricing date: | Feb. 23
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Settlement date: | Feb. 28
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 1.4%
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Cusip: | 40055AN52
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