By Wendy Van Sickle
Columbus, Ohio, Jan. 30 – GS Finance Corp. priced $2.5 million of 0% trigger notes due Feb. 12, 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 70.75% of the initial index level, the payout at maturity will be par plus 5%.
If the final index level is less than 70.75% 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.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger notes
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| Underlying index: | S&P 500 index
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| Amount: | $2.5 million
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| Maturity: | Feb. 12, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final index level is greater than or equal to 70.75% of the initial index level, par plus 5%; otherwise, 1% loss for every 1% that the final index level is less than the initial index level
|
| Initial level: | 2,664.76
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| Final level: | Average of index closing levels on five trading days ending Feb. 7, 2020
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| Pricing date: | Jan. 25
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| Settlement date: | Jan. 30
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| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
|
| Fees: | 1.1%
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| Cusip: | 40056EU89
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