By Sarah Lizee
Olympia, Wash., Nov. 26 – GS Finance Corp. priced $1.81 million of 0% index-linked notes due Dec. 4, 2019 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is flat or positive, the payout at maturity will be par plus any index gain, capped at par plus 8%.
If the index declines but is equal to or greater than 80.2% of the initial level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for every 1% decline of the index from its initial level.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $1.81 million
|
| Maturity: | Dec. 4, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is flat or positive, par plus any index gain, capped at par plus 8%; if the index declines but is equal to or greater than 80.2% of the initial level, par plus the absolute value of the index return; otherwise, 1% loss for every 1% decline of the index from its initial level
|
| Initial level: | 2,736.27
|
| Final level: | Average of index closing levels on five trading days ending Nov. 29, 2019
|
| Pricing date: | Nov. 16
|
| Settlement date: | Nov. 21
|
| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
|
| Fees: | 1.1%
|
| Cusip: | 40056EGT9
|
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