By Marisa Wong
Morgantown, W.Va., May 21 – GS Finance Corp. priced $1.04 million of 0% absolute return trigger notes due Nov. 3, 2021 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.
A barrier event will occur if on any day during the life of the notes the index closes below the lower barrier, 77% of the initial level, or above the upper barrier, 123% of the initial 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.
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: | $1,039,000
|
| Maturity: | Nov. 3, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus the absolute value of the index return unless the index closes below the lower barrier or above the upper barrier on any day during the life of the notes, in which case par plus 30%
|
| Initial index level: | 2,943.03
|
| Lower barrier: | 77% of initial level
|
| Upper barrier: | 123% of initial level
|
| Pricing date: | April 29
|
| Settlement date: | May 2
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.175%
|
| Cusip: | 40056FBW4
|
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