By Sarah Lizee
Olympia, Wash., Nov. 6 – GS Finance Corp. priced $3.22 million of 0% index-linked trigger notes due May 6, 2020 based on the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the index is equal to or greater than 82.9% of the initial index level, the payout at maturity will be par plus the greater of zero and the index return.
If the final level of the index is less than the 82.9% trigger level, the payout will be par plus the index return with full exposure to any losses.
The final index level will be the average of its levels on April 27, 28, 29, 30 and May 1 of 2020.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked trigger notes
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Underlying index: | S&P 500
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Amount: | $3.22 million
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Maturity: | May 6, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final level of the index is equal to or greater than 82.9% of the initial index level, par plus greater of zero and index return; if the final level of the index is less than the 82.9% trigger level, par plus the index return with full exposure to losses
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Initial index level: | 2,723.06
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Trigger level: | 82.9% of initial level
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Pricing date: | Nov. 2
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Settlement date: | Nov. 7
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Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
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Fees: | 1.35%
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Cusip: | 40056ED96
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