By Wendy Van Sickle
Columbus, Ohio, Oct. 3 – GS Finance Corp. priced $1.56 million of 0% index-linked notes due Nov. 4, 2020 tied to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
A trigger event will occur if either index closes below its 75% trigger level any day during the life of the notes.
If a trigger event has not occurred, the payout at maturity will be par plus 11.25%.
Otherwise, investors will receive par plus the return of the lesser performing index if either index declines and par if the final level of the laggard index is zero or positive.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying indexes: | Russell 2000, Nasdaq-100
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| Amount: | $1.56 million
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| Maturity: | Nov. 4, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If trigger event has not occurred, par plus 11.25%; otherwise, full exposure to decline of the lesser performing index if either index’s return is negative or par if final return of least performing index is zero or positive
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| Trigger event: | Either index closes below 75% of initial level any day during life of notes
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| Initial levels: | 1,523.727 for Russell and 7,749.449 for Nasdaq
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| Pricing date: | Sept. 30
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| Settlement date: | Oct. 1
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| Agent: | Goldman Sachs & Co.
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| Fees: | 0.78%
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| Cusip: | 40056X7E0
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