By Wendy Van Sickle
Columbus, Ohio, July 3 – GS Finance Corp. priced $4.21 million of 0% index-linked trigger notes due Sept. 25, 2019 tied to the S&P Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.
Goldman Sachs Group, Inc. guarantees the notes.
If the final index level is equal to or greater than 85% of the initial level, the payout at maturity will be par plus 10.8%.
Otherwise, investors will receive par plus the index return, with full exposure to the index decline.
The final index level will be the average of the closing index levels on Sept. 16, 17, 18, 19 and 20, 2019.
Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is the 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: | S&P Banks Select Industry index
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| Amount: | $4,205,000
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| Maturity: | Sept. 25, 2019
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If final index level is at or above trigger level, par plus 10.8%; otherwise, par with full exposure to any losses
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| Initial index level: | 1,080.07
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| Trigger level: | 85% of initial level
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| Pricing date: | June 22
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| Settlement date: | June 27
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| Underwriter: | Goldman Sachs & Co., J.P. Morgan Securities LLC as placement agent
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| Fees: | 1.22%
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| Cusip: | 40055QGM8
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