By Kiku Steinfeld
Chicago, July 12 – GS Finance Corp. priced $90,000 of 0% equity-linked trigger notes due Feb. 28, 2024 based on the common stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the final stock price is equal to or greater than 74.5% of the initial level, the payout at maturity will be par plus 13%.
If the final level of the stock is less than the 74.5% 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: | Alphabet Inc.
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Amount: | $90,000
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Maturity: | Feb. 28, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final stock price is equal to or greater than 74.5% of initial level, par plus 13%, otherwise, par plus the return with full exposure to any losses
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Initial level: | $94.57
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Trigger level: | 74.5% of initial level
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Pricing date: | Feb. 10
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Settlement date: | Feb. 15
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Underwriter: | Goldman Sachs & Co. LLC
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Placement agent: | JPMorgan Securities LLC
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Fees: | 1%
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Cusip: | 40057PMM1
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