By Marisa Wong
Morgantown, W.Va., Oct. 22 – GS Finance Corp. priced $670,000 of 0% index-linked notes due Oct. 15, 2020 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive or if the final index level is less than 59.2% of the initial level, the payout at maturity will be par.
If the index return is negative but the final index level is greater than or equal to 59.2% of the initial level, the payout will be par plus the absolute value of the index return.
Goldman, Sachs & Co. is the underwriter with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $670,000
|
| Maturity: | Oct. 15, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless index return is negative and final index level is greater than or equal to 59.2% of initial level, in which case par plus absolute value of index return
|
| Initial level: | 2,767.13
|
| Final level: | Average of index closing levels on five trading days ending Oct. 9, 2020
|
| Pricing date: | Oct. 12
|
| Settlement date: | Oct. 17
|
| Underwriter: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
|
| Fees: | 1.65%
|
| Cusip: | 40056EAS7
|
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