By Sarah Lizee
Olympia, Wash., July 24 – GS Finance Corp. priced $875,000 of 0% index-linked trigger notes due Jan. 23, 2020 tied to the Euro Stoxx 50 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 63% of the initial level, the payout at maturity will be par plus the greater of the return and zero.
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 Jan. 13, 14, 15, 16 and 17 of 2020.
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: | Euro Stoxx 50
|
| Amount: | $875,000
|
| Maturity: | Jan. 23, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is at or above trigger level, par plus the greater of the return and zero; otherwise, par with full exposure to any losses
|
| Initial index level: | 3,460.03
|
| Trigger level: | 63% of initial level
|
| Pricing date: | July 20
|
| Settlement date: | July 25
|
| Underwriter: | Goldman Sachs & Co., J.P. Morgan Securities LLC as placement agent
|
| Fees: | 1.35%
|
| Cusip: | 40055QNF5
|
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