By Angela McDaniels
Tacoma, Wash., May 21 – GS Finance Corp. priced $17.27 million of 0% bearish barrier early redeemable market-linked notes with daily barrier observation due Jan. 21, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes below the barrier, 75% of the initial index level, on any day during the life of the notes, the notes will be automatically redeemed at 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: | $17,266,000
|
| Maturity: | Jan. 21, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If notes are not automatically redeemed and 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 closes below barrier, 75% of initial index level, on any day during life of notes
|
| Initial level: | 2,859.53
|
| Pricing date: | May 17
|
| Settlement date: | May 22
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Selling agent: | UBS Financial Services Inc.
|
| Fees: | 1.65%
|
| Cusip: | 40056FGA7
|
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