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Published on 6/28/2018 in the Prospect News Structured Products Daily.

New Issue: Goldman prices $7.15 million of 15-month trigger notes tied to S&P 500

By Susanna Moon

Chicago, June 28 – GS Finance Corp. priced $7.15 million of 0% trigger notes due Sept. 25, 2019 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the underlying index finishes above its 85% trigger level, the payout at maturity will be par plus 8.4%.

Otherwise, investors will lose 1% for each 1% decline.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the underwriter. JPMorgan is the placement agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Trigger notes
Underlying index:S&P 500 index
Amount:$7,145,000
Maturity:Sept. 25, 2019
Coupon:0%
Price:Par
Payout at maturity:If asset gains or falls by up to 85%, par plus 8.4%; otherwise, 1% loss for each 1% decline
Initial level:2,754.88
Trigger level:85% of initial level
Pricing date:June 22
Settlement date:June 27
Agent:Goldman Sachs & Co. LLC with JPMorgan as placement agent
Fees:1.22%
Cusip:40055QGH9

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