New Issue: GS Finance sells $1.76 million trigger notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., May 10 – GS Finance Corp. priced $1.76 million of 0% trigger notes due Nov. 6, 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 81.4% of the initial index level, the payout at maturity will be par plus the greater of the index return and zero.

If the final index level is less than 81.4% 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 with JPMorgan as placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Trigger notes
Underlying index:	S&P 500
Amount:	$1,755,000
Maturity:	Nov. 6, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater than or equal to 81.4% of the initial index level, par plus the greater of zero and the index return; otherwise, 1% loss for every 1% that the final index level is less than the initial index level
Initial index level:	2,663.42
Final level:	Average of closing levels on five averaging dates ending Nov. 1, 2019
Pricing date:	May 4
Settlement date:	May 9
Underwriter:	Goldman, Sachs & Co. with JPMorgan as placement agent
Fees:	1.35%
Cusip:	40055Q4R0

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