By Wendy Van Sickle
Columbus, Ohio, Sept. 11 – GS Finance Corp. priced $8.29 million of 0% trigger autocallable notes due Sept. 9, 2022 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will called at par plus an annual rate of 10.2% if the ETF closes at or above its initial price on any quarterly observation date after six months.
The payout at maturity will be par plus 20.4% if the ETF finishes at or above its initial level.
The payout will be par if the ETF falls by up to 20%. Investors will be exposed to the full loss if the ETF falls by more than 20%.
Goldman Sachs & Co. is the agent with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger autocallable notes
|
| Underlying ETF: | SPDR S&P 500 ETF Trust
|
| Amount: | $8,287,700
|
| Maturity: | Sept. 9, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Call: | At par plus 10.2% annualized if ETF closes above initial level on any quarterly observation date after six months
|
| Payout at maturity: | Par plus coupon unless ETF finishes below downside threshold level, in which case 1% loss for each 1% decline of from initial level
|
| Initial level: | $298.05
|
| Pricing date: | Sept. 6
|
| Settlement date: | Sept. 11
|
| Agents: | UBS Financial Services Inc. and Goldman Sachs & Co.
|
| Fees: | 1.6%
|
| Cusip: | 36258L411
|
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