By Sarah Lizee
Olympia, Wash., May 30 – GS Finance Corp. priced $3.21 million of 0% barrier early redeemable market-linked notes with daily barrier observation due Nov. 27, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes above the upper barrier, 112.64% of the initial index level, on any day during the life of the notes, the notes will be automatically redeemed at par.
If the notes are not automatically redeemed and the index return is less than the upper barrier but greater than zero, the payout at maturity will be par plus the return of the index.
If the index return is equal to or less than zero, the payout will be par.
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: | Barrier early redeemable market-linked notes with daily barrier observation
|
| Underlying index: | S&P 500
|
| Amount: | $3,212,000
|
| Maturity: | Nov. 27, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not automatically redeemed and the index return is less than the upper barrier but greater than zero, par plus the return of the index; if the index return is equal to or less than zero, par
|
| Call: | If the index closes above the upper barrier on any day during the life of the notes, the notes will be automatically redeemed at par
|
| Initial level: | 2,826.06
|
| Upper barrier level: | 112.64% of the initial index level
|
| Pricing date: | May 24
|
| Settlement date: | May 30
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Selling agent: | UBS Financial Services Inc.
|
| Fees: | 1.6%
|
| Cusip: | 40056FJJ5
|
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