New Issue: GS Finance prices $4.32 million of trigger notes linked to S&P 500 index

By Devika Patel

Knoxville, Tenn., July 11 – GS Finance Corp. priced $4.32 million of 0% trigger notes due Aug. 4, 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 index level is greater than or equal to 60% of the initial index level on every day during the life of the notes, the payout at maturity will be par plus 3.4%. If the index falls below 60% of the initial index level during the life of the notes and the final index level is greater than the initial level, investors will receive par plus the return, subject to a maximum settlement amount of $1,034 per $1,000 of notes.

If the index falls below 60% of the initial index level during the life of the notes and the final index level is less than its initial level but greater than 60% of the initial index level, investors will receive par. Otherwise, investors will lose 1% for each 1% decline.

Goldman Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Trigger notes
Underlying index:	S&P 500
Amount:	$4.32 million
Maturity:	Aug. 4, 2017
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index level is greater than or equal to 60% of the initial index level on every day during the life of the notes, par plus 3.4%; if the index falls below 60% of the initial index level during the life of the notes and the final index level is greater than the initial level, par plus the return, subject to a maximum settlement amount of $1,034 per $1,000 of notes; if the index falls below 60% of the initial index level during the life of the notes and the final index level is less than its initial level but greater than 60% of the initial index level, par; otherwise, 1% loss for each 1% decline
Initial index level:	2,099.73
Final level:	Average of index closing levels on the five trading days ending Aug. 17, 2017
Pricing date:	July 7
Settlement date:	July 12
Agent:	Goldman, Sachs & Co.
Fees:	0.2%
Cusip:	40054KG26

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.