By Marisa Wong
Morgantown, W.Va., May 29 – GS Finance Corp. priced $2.12 million of 0% trigger notes due Aug. 21, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than or equal to 85% of the initial index level, the payout at maturity will be par plus 8.2%.
If the final index level is less than 85% of the initial index level, investors will lose 1% for every 1% that the final index level is less than the initial index level.
Goldman, Sachs & Co. is the underwriter with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger notes
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| Underlying index: | S&P 500
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| Amount: | $2.12 million
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| Maturity: | Aug. 21, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final index level is greater than or equal to 85% of the initial index level, par plus 8.2%; otherwise, 1% loss for every 1% that the final index level is less than the initial index level
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| Initial index level: | 2,712.97
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| Final level: | Average of closing levels on five averaging dates ending Aug. 16, 2019
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| Pricing date: | May 18
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| Settlement date: | May 23
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| Underwriter: | Goldman, Sachs & Co. with JPMorgan as placement agent
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| Fees: | 1.22%
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| Cusip: | 40055Q7K2
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