By Marisa Wong
Morgantown, W.Va., Oct. 17 – GS Finance Corp. priced $770,000 of 0% digital notes due Oct. 30, 2019 linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the fund finishes at or above its initial level, the payout at maturity will be the maximum settlement amount of $1,112.60 per $1,000 principal amount.
If the fund falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline in the fund below the initial 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: | Digital notes
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| Underlying ETF: | SPDR S&P Regional Banking ETF
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| Amount: | $770,000
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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 fund finishes at or above its initial level, par plus 11.26%; if fund falls by up to 20%, par; otherwise, full exposure to losses
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| Initial price: | $56.06
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| Pricing date: | Oct. 12
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| Settlement date: | Oct. 17
|
| Underwriter: | Goldman, Sachs & Co. with JPMorgan as placement agent
|
| Fees: | 1.1%
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| Cusip: | 40056EAR9
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