By Wendy Van Sickle
Columbus, Ohio, Feb. 7 – GS Finance Corp. priced $1.17 million of 0% index-linked trigger notes due Feb. 3, 2022 tied 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.
If the final level of the index is equal to or greater than the initial level, the payout at maturity will be par plus the index return, capped at par plus 17%.
If the index falls by up to 15%, the payout will be par plus the absolute value of its return.
Otherwise, the payout will be par plus the index return with full exposure to any losses.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked trigger notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,173,000
|
| Maturity: | Feb. 3, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final level of the index is equal to or greater than initial level, par plus return, capped at par plus 17%; if index falls by up to 15%, par plus absolute value of return; otherwise, par plus the index return with full exposure to any losses
|
| Initial index level: | 3,225.52
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 5
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.7%
|
| Cusip: | 40056YC93
|
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