By Angela McDaniels
Tacoma, Wash., May 21 – GS Finance Corp. priced $1.35 million of 0% trigger notes due June 3, 2020 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final share price is greater than or equal to 80% of the initial share price, the payout at maturity will be par plus 10.9%. Otherwise, investors will lose 1% for every 1% that the stock declines from its initial share price.
Goldman Sachs & Co. LLC is the underwriter. J.P. Morgan Securities LLC is 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 stock: | Apple Inc. (Symbol: AAPL)
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| Amount: | $1.35 million
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| Maturity: | June 3, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final share price is greater than or equal to 80% of initial share price, par plus 10.9%; otherwise, 1% loss for every 1% that stock declines from initial share price
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| Initial share price: | $189.00
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| Final share price: | Average of stock’s closing share prices on five trading days ending May 29, 2020
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| Pricing date: | May 17
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| Settlement date: | May 22
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| Underwriter: | Goldman Sachs & Co. LLC
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.1%
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| Cusip: | 40056FHX6
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