By Wendy Van Sickle
Columbus, Ohio, May 16 – GS Finance Corp. priced $9.88 million of 0% index-linked trigger notes due Aug. 14, 2019 tied to the S&P 500 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 8.9%.
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 the five trading days ending Aug. 9, 2019.
Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is the placement agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked trigger notes
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Underlying index: | S&P 500 index
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Amount: | $9,884,000
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Maturity: | Aug. 14, 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 8.9%; otherwise, par with full exposure to any losses
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Initial index level: | 2,727.72
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Trigger level: | 85% of initial level
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Pricing date: | May 11
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Settlement date: | May 16
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Underwriter: | Goldman Sachs & Co., J.P. Morgan Securities LLC as placement agent
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Fees: | 1.22%
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Cusip: | 40055Q6U1
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