By Sarah Lizee
Olympia, Wash., Oct. 24 – GS Finance Corp. priced $252,000 of 0% bearish absolute return trigger notes linked to the S&P 500 index due Dec. 3, 2020, according to a 424B2 filing with the Securities and Exchange Commission.
If on any day during the life of the notes the index closes below its 82% trigger level or if it finishes at or above its initial level, the payout at maturity will be par.
Otherwise, investors will receive the absolute value of the index return.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Bearish absolute return trigger notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $252,000
|
| Maturity: | Dec. 3, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par if index closes below 82% trigger level on any day during life of notes or if index finishes at or above initial level; otherwise, par plus absolute value of index return
|
| Initial level: | 2,986.20
|
| Pricing date: | Oct. 18
|
| Settlement date: | Oct. 23
|
| Agent: | Goldman Sachs & Co. LLC
|
| Placement agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.35%
|
| Cusip: | 40056XJF4
|
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