By Devika Patel
Knoxville, Tenn., Feb. 22 – GS Finance Corp. priced $2.8 million of 0% trigger notes due Aug. 22, 2017 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.
If the final index level is greater than or equal to 78% of the initial index level, the payout at maturity will be par plus the greater of the index return and zero.
If the final index level is less than 78% of the initial index level, investors will be fully exposed to the index’s decline from its initial level.
The index’s final level will be the average of its closing levels on the five trading days ending Aug. 17, 2017.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger notes
|
| Underlying index: | S&P 500
|
| Amount: | $2.8 million
|
| Maturity: | Aug. 22, 2017
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If index finishes at or above 78% of the initial index level, the greater of the index return and zero; otherwise, investors will be fully exposed to the index’s decline from its initial level
|
| Initial index level: | 1,917.83
|
| Final level: | Average of index closing levels on the five trading days ending Aug. 17, 2017
|
| Pricing date: | Feb. 18
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| Settlement date: | Feb. 23
|
| Underwriter: | Goldman, Sachs & Co. with JPMorgan as placement agent
|
| Fees: | 1.35%
|
| Cusip: | 40054K3Q7
|
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