By Angela McDaniels
Tacoma, Wash., March 6 – GS Finance Corp. priced $4.08 million of 0% trigger notes due Sept. 6, 2018 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than or equal to 72.5% of the initial index level, the payout at maturity will be par plus the index return, subject to a minimum payout of par. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger notes
|
| Underlying index: | Stoxx Europe 600
|
| Amount: | $4.08 million
|
| Maturity: | Sept. 6, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than or equal to 72.5% of initial index level, par plus greater of zero and index return; otherwise, 1% loss for every 1% that final index level is less than initial index level
|
| Initial index level: | 375.61
|
| Final index level: Average of index’s closing levels on five trading days ending Sept. 3, 2018
|
| Pricing date: | March 2
|
| Settlement date: | March 7
|
| Underwriter: | Goldman Sachs & Co.
|
| Placement agent: J.P. Morgan Securities LLC
|
| Fees: | 1.35%
|
| Cusip: | 40054KZ90
|
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