By Sarah Lizee
Olympia, Wash., June 20 – GS Finance Corp. priced $3.6 million of 0% index-linked trigger notes due Sept. 18, 2019 based on the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Goldman Sachs Group, Inc. will guarantee the notes.
If the final level of the index is equal to or greater than 85% of the initial index level, the payout at maturity will be par plus 8.1%.
If the final level of the index is less than the 85% trigger level, the payout will be par plus the index return with full exposure to any losses.
The final index level will be the average of its levels on Sept. 9, 10, 11, 12 and 13 of 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.
|
| Issue: | Index-linked trigger notes
|
| Underlying index: | S&P 500
|
| Amount: | $3.6 million
|
| Maturity: | Sept. 18, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final level of the index is equal to or greater than 85% of the initial index level, par plus 8.1%; if the final level of the index is less than the 85% trigger level, par plus the index return with full exposure to losses
|
| Initial index level: | 2,779.66
|
| Pricing date: | June 15
|
| Settlement date: | June 20
|
| Underwriter: | Goldman Sachs & Co., JPMorgan as placement agent
|
| Fees: | 1.22%
|
| Cusip: | 40055QFQ0
|
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