New York, May 10 – GS Finance Corp. priced $2.15 million of 0% index-linked trigger notes due Nov. 7, 2018 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Goldman Sachs Group, Inc. guarantees the notes.
If the final index level is equal to or greater than 86% of the initial level, the payout at maturity will be par plus the greater of the index return and zero.
Otherwise, investors will receive par plus the index return, with full exposure to the index decline.
The final index level will be the average of the closing index levels on Oct. 29, 30 and 31 and Nov. 1 and 2, 2018.
Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is the placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked trigger notes
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| Underlying index: | S&P 500 index
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| Amount: | $2,150,000
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| Maturity: | Nov. 7, 2018
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If final index level is at or above trigger level, par plus index return, with a floor of par; otherwise, par with full exposure to any losses
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| Initial index level: | 1,970.89
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| Trigger level: | 86% of initial level
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| Pricing date: | May 5
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| Settlement date: | May 10
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| Underwriter: | Goldman Sachs & Co., J.P. Morgan Securities LLC as placement agent
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| Fees: | 1.35%
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| Cusip: | 40054LBU7
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