By Sarah Lizee
Olympia, Wash., Oct. 11 – GS Finance Corp. priced $488,000 of 0% index-linked trigger notes due Oct. 21, 2020 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final level of the index is equal to or greater than 85% of the initial level, the payout at maturity will be par plus 8.06%.
Otherwise, the payout will be par plus the index return with full exposure to any losses.
Goldman Sachs & Co. LLC is the underwriter with JPMorgan Securities LLC 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: | Euro Stoxx 50
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Amount: | $488,000
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Maturity: | Oct. 21, 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 85% of the initial level, par plus 8.06%; otherwise, par plus the index return with full exposure to any losses
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Initial index level: | 3,446.71
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Trigger buffer: | 85% of initial level
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Pricing date: | Oct. 4
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Settlement date: | Oct. 9
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Underwriter: | Goldman Sachs & Co. LLC
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Placement agent: | JPMorgan Securities LLC
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Fees: | 1.1%
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Cusip: | 40056XHM1
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