By Susanna Moon
Chicago, April 24 – GS Finance Corp. priced $505,000 of 0% trigger notes due Oct. 26, 2020 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the fund finishes at or above 70% of the initial level, the payout at maturity will be the greater of the par contingent minimum return and par plus the gain up to a maximum settlement amount of $1,420 per $1,000 principal amount.
Otherwise, investors will lose 1% for each 1% decline.
Goldman Sachs & Co. is the 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 fund: | iShares MSCI Emerging Markets ETF
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| Amount: | $505,000
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| Maturity: | Oct. 26, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund gains or falls by up to 30%, par plus fund return with cap of 42% and floor of par; otherwise, 1% loss per 1% decline
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| Initial level: | $48.14
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| Trigger level: | 70% of initial level
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| Pricing date: | April 18
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| Settlement date: | April 25
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| Agent: | Goldman, Sachs & Co.
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| Fees: | 2.175%
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| Cusip: | 40055AXG7
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