By Marisa Wong
Morgantown, W.Va., Oct. 19 – GS Finance Corp. priced $3.01 million of 0% index-linked notes due Oct. 30, 2019 tied 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 return is zero or positive, the payout at maturity will be par plus the index return, capped at par plus 8%.
If the index return is negative but the index finishes at or above 82.99% of its initial level, the payout will be par plus the absolute value of the index return.
Otherwise, the payout will be par plus the index return with full exposure to losses.
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: | Index-linked notes
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| Underlying index: | S&P 500
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| Amount: | $3.01 million
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| Maturity: | Oct. 30, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is zero or positive, par plus index return capped at 8%; if index return is negative but index finishes at or above 82.99% of initial level, par plus absolute value of index return; otherwise, par plus index return with full exposure to losses
|
| Initial level: | 2,767.13
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| Pricing date: | Oct. 12
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| Settlement date: | Oct. 17
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| Underwriter: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
|
| Fees: | 1.1%
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| Cusip: | 40056EAQ1
|
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