By Cady Vishniac
Detroit, Jan. 11 – GS Finance Corp. priced $500,000 of 0% equity-linked trigger notes due Jan. 12, 2022 linked to the American depository shares of Alibaba Group Holding Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final stock price is equal to or greater than 80% of the initial price, the payout at maturity will be par plus 18.85%.
Otherwise, investors will be fully exposed to the decline of the stock from its initial price.
Goldman Sachs & Co. LLC is the underwriter, and JPMorgan acting as 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: | Alibaba Group Holding Ltd.
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Amount: | $500,000
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Maturity: | Jan. 12, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final stock price is equal to or greater than trigger buffer level, par plus 18.85%; otherwise, investors will be fully exposed to the decline of the stock from its initial price
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Initial stock level: | $222
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Trigger buffer level: | 80% of initial level
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Strike date: | Dec. 24
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Pricing date: | Dec. 28
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Settlement date: | Dec. 31
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Underwriter: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
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Fees: | 1.1%
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Cusip: | 40057EZR1
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