New Issue: GS Finance prices $6.27 million five-year trigger gears tied to S&P 500

By Marisa Wong

Morgantown, W.Va., Oct. 31 – GS Finance Corp. priced $6.27 million of 0% trigger gears due Oct. 31, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If the index return is greater than zero, the payout at maturity will be par of $10.00 plus 1.12 times the index return. Investors will receive par if the index declines by 40% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 40%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Trigger gears
Underlying index:	S&P 500
Amount:	$6,269,090
Maturity:	Oct. 31, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index return is greater than zero, par plus 1.12 times the index return; par if the index declines by 40% or less; full exposure to the index’s decline from its initial level if it declines by more than 40%
Initial index level:	2,560.40
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Underwriter:	Goldman, Sachs & Co.
Fees:	3.85%
Cusip:	36253M885

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