By Wendy Van Sickle
Columbus, Ohio, Aug. 28 – GS Finance Corp. priced $835,000 of 0% index-linked notes due March 1, 2022 linked 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.
A trigger event will occur if, on any day during the observation period, the closing level of the index is less than 85% of the initial index level.
If a trigger event has not occurred and the final index level is greater than or equal to the initial level, the payout at maturity will be par.
If a trigger event has not occurred and the final index level is less than the initial level but greater than or equal to 85% of the initial index level, the payout will be par plus the absolute value of the index return;
If a trigger event has occurred, the payout will be par plus 1.1765 times the sum of the index return and 15%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $835,000
|
| Maturity: | March 1, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Trigger event: | Will occur if, on any day during the observation period, the closing level of the index is less than 85% of the initial index level
|
| Payout at maturity: | If trigger event has not occurred and final index level is greater than or equal to initial level, par; if trigger event has not occurred and final index level is less than initial level but greater than or equal to 85% of the initial index level, par plus absolute value of index return; if a trigger event has occurred, par plus 1.1765 times sum of index return and 15%
|
| Initial index level: | 3,443.62
|
| Pricing date: | Aug. 25
|
| Settlement date: | Sept. 1
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.13%
|
| Cusip: | 40057CM40
|
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