By William Gullotti
Buffalo, N.Y., Nov. 19 – GS Finance Corp. priced $4.32 million of 0% index-linked trigger notes due Nov. 21, 2024 tied to the Russell 2000 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 at least par and if above the initial level, par plus two times the index return capped at 35.5%.
Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is working as the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked trigger notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $4,317,000
|
| Maturity: | Nov. 21, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final level of the index is equal to or greater than the trigger level, par plus two times index return with a floor of par and cap of 35.5%; otherwise, full exposure to losses of index
|
| Initial index level: | 2,405.024
|
| Trigger level: | 85% of initial level
|
| Pricing date: | Nov. 16
|
| Settlement date: | Nov. 19
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Placement agent: | JPMorgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 40057K6K4
|
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