New Issue: GS Finance sells $2.43 million trigger notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Oct. 22 – GS Finance Corp. priced $2.43 illion of 0% trigger notes due Jan. 15, 2020 linked 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 final index level is greater than or equal to 85% of the initial index level, the payout at maturity will be par plus 8.62%.

If the final index level is less than 85% of the initial index level, investors will lose 1% for every 1% that the final index level is less than the initial index level.

Goldman, Sachs & Co. is the underwriter with JPMorgan as placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Trigger notes
Underlying index:	S&P 500 index
Amount:	$2,425,000
Maturity:	Jan. 15, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater than or equal to 85% of the initial index level, par plus 8.62%; otherwise, 1% loss for every 1% that the final index level is less than the initial index level
Initial level:	2,767.13
Final level:	Average of index closing levels on five trading days ending Jan. 10, 2020
Pricing date:	Oct. 12
Settlement date:	Oct. 17
Underwriter:	Goldman Sachs & Co. LLC with JPMorgan as placement agent
Fees:	1.22%
Cusip:	40056EAP3

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