By Sarah Lizee
Olympia, Wash., Dec. 12 – GS Finance Corp. priced $1.27 million of 0% trigger step securities due Dec. 11, 2023 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the index return and 47.55%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% downside threshold level.
Goldman Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger step securities
|
| Underlying index: | Russell 2000
|
| Amount: | $1.27 million
|
| Maturity: | Dec. 11, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index gains or finishes flat, par plus greater of 47.55% and return; par if index falls by 25% or less; full exposure to losses if index finishes below downside threshold
|
| Initial index level: | 1,477.412
|
| Downside threshold: | 1,108.059, 75% of initial level
|
| Pricing date: | Dec. 7
|
| Settlement date: | Dec. 12
|
| Underwriter: | Goldman Sachs & Co. with UBS Financial Services Inc. as selling agent
|
| Fees: | 0.3%
|
| Cusip: | 36256M775
|
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