New Issue: GS Finance prices $1.36 million index-linked trigger notes on S&P

By Wendy Van Sickle

Columbus, Ohio, Oct. 17 – GS Finance Corp. priced $1.36 million of 0% index-linked trigger notes due Oct. 28, 2020 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 final level of the index is equal to or greater than 84.4% of the initial level, the payout at maturity will be par plus 8%.

Otherwise, the payout will be par plus the index return with full exposure to any losses.

Goldman Sachs & Co. LLC is the underwriter with JPMorgan Securities LLC as placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked trigger notes
Underlying index:	S&P 500
Amount:	$1,363,000
Maturity:	Oct. 28, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the final level of the index is equal to or greater than 84.4% of the initial level, par plus 8%; otherwise, par plus the index return with full exposure to any losses
Initial index level:	2,970.27
Trigger buffer:	84.4% of initial level
Final level:	Average of closing levels on five trading days ending Oct. 23, 2020
Pricing date:	Oct. 11
Settlement date:	Oct. 17
Underwriter:	Goldman Sachs & Co. LLC
Placement agent:	JPMorgan Securities LLC
Fees:	1.1%
Cusip:	40056XJN7

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