New Issue: Goldman prices $5.05 million trigger performance notes tied to S&P 500

By Marisa Wong

Morgantown, W.Va., Nov. 18 – Goldman Sachs Group, Inc. priced $5.05 million of 0% trigger performance securities due Nov. 17, 2020 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 120% of the index return. Investors will receive par if the index falls by 40% or less and will be fully exposed to losses from the initial level if it falls by more than 40%.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Trigger performance securities
Underlying index:	S&P 500
Amount:	$5.05 million
Maturity:	Nov. 17, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 120% of any index gain; par if index falls by 40% or less; full exposure to losses if index finishes below trigger level
Initial index level:	2,045.97
Trigger level:	1,227.5, 60% of initial level
Pricing date:	Nov. 12
Settlement date:	Nov. 17
Underwriter:	Goldman Sachs & Co.
Fees:	3.85%
Cusip:	38148X613

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