By Sarah Lizee
Olympia, Wash., Nov. 6 – GS Finance Corp. priced $1.13 million of 0% absolute return trigger notes due May 6, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A barrier event will occur if on any day during the life of the notes the closing level of underlier declines below the lower barrier of 75% of the initial underlier level or increases above the upper barrier of 125% of the initial underlier level.
If a barrier event has not occurred, the payout at maturity will be par plus the absolute value of the index return.
If a barrier event has occurred, the payout will be $1,030 per $1,000 principal amount.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Absolute return trigger notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,128,000
|
| Maturity: | May 6, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index stays within a barrier range, par plus the absolute value of the index return; otherwise, $1,030 per $1,000 principal amount
|
| Initial index level: | 2,723.06
|
| Lower barrier: | 75% of initial level
|
| Upper barrier: | 125% of initial level
|
| Pricing date: | Nov. 2
|
| Settlement date: | Nov. 7
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.925%
|
| Cusip: | 40056EBW7
|
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