By Angela McDaniels
Tacoma, Wash., April 30 – GS Finance Corp. priced $2.72 million of 0% bearish barrier early redeemable market-linked notes with daily barrier observation due July 15, 2020 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.
A barrier event will occur if the index’s closing level is less than 75% of the initial index level on any trading day during the life of the notes.
If a barrier event occurs, the notes will be redeemed and holders will receive par plus 1%.
If the notes are not automatically redeemed and the index return is greater than or equal to zero, the payout at maturity will be par plus 1%. If the index return is less than zero but greater than or equal to negative 25%, the payout will be par plus the absolute value of the index return. If the index return is less than negative 25%, the payout will be par plus 1%.
Goldman Sachs & Co. LLC is the underwriter. UBS Financial Services Inc. is acting as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Bearish barrier early redeemable market-linked notes with daily barrier observation
|
| Underlying index: | S&P 500
|
| Amount: | $2,724, 000
|
| Maturity: | July 15, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is greater than or equal to zero, par plus 1%; if index return is less than zero but greater than or equal to negative 25%, par plus absolute value of index return; if index return is less than negative 25%, par plus 1%
|
| Call: | Automatically at par plus 1% if index’s closing level is less than 75% of initial index level on any trading day during life of notes
|
| Initial level: | 2,939.88
|
| Trade date: | April 26
|
| Settlement date: | April 30
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Selling agent: | UBS Financial Services Inc.
|
| Fees: | 0.1%
|
| Cusip: | 40056FAZ8
|
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