By Wendy Van Sickle
Columbus, Ohio, May 10 – GS Finance Corp. priced $860,000 of 0% index-linked trigger notes due May 22, 2019 tied to the S&P Regional Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.
Goldman Sachs Group, Inc. guarantees the notes.
If the final index level is equal to or greater than 85% of the initial level, the payout at maturity will be par plus the greater of the index return and zero, subject to a 20% maximum return.
Otherwise, investors will receive par plus the index return, with full exposure to the index decline.
The final index level will be the average of the closing index levels on May 13, 14, 15, 16 and 17, 2019.
Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked trigger notes
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| Underlying index: | S&P Regional Banks Select Industry index
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| Amount: | $860,000
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| Maturity: | May 22, 2019
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If final index level is at or above trigger level, par plus index return, with a floor of par and 20% maximum return; otherwise, par with full exposure to any losses
|
| Initial index level: | 1,947.64
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| Trigger level: | 85% of initial level
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| Pricing date: | May 4
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| Settlement date: | May 9
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| Underwriter: | Goldman Sachs & Co., J.P. Morgan Securities LLC as placement agent
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| Fees: | 1.1%
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| Cusip: | 40055Q5D0
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