By Wendy Van Sickle
Columbus, Ohio, May 1 – GS Finance Corp. priced $1.25 million of 0% equity-linked trigger notes due May 11, 2020 based on the common stock of Anthem, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the stock is equal to or greater than 80% of the initial level, the payout at maturity will be par plus 12.6%.
If the final level of the stock is less than the 80% trigger level, the payout will be par plus the return with full exposure to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan Securities LLC is the placement agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Equity-linked trigger notes
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Underlying stock: | Anthem, Inc.
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Amount: | $1.25 million
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Maturity: | May 11, 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 stock is equal to or greater than 80% of the initial level, par plus 12.6%; otherwise, par plus the return with full exposure to any losses
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Initial level: | $251.00
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Trigger level: | 80% of initial level
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Pricing date: | April 25
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Settlement date: | April 30
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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: | 40056FD77
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