By Marisa Wong
Morgantown, W.Va., Feb. 24 – GS Finance Corp. priced $8.8 million of 0% trigger notes due Aug. 22, 2018 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above 72% of the initial level, the payout at maturity will be par plus the greater of the index return and zero.
If the index finishes below 72% of the initial level, investors will lose 1% for each 1% decline 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: | Trigger notes
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Underlying index: | Stoxx Europe 600
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Amount: | $8.8 million
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Maturity: | Aug. 22, 2018
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If the index finishes at or above 72% trigger level, par plus the greater of the index return and zero; otherwise, investors will lose 1% for each 1% decline below the initial level
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Initial index level: | 370.22
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Final level: | Average of index closing levels on the five trading days ending Aug. 17, 2018
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Pricing date: | Feb. 17
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Settlement date: | Feb. 23
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Underwriter: | Goldman, Sachs & Co. with JPMorgan as placement agent
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Fees: | 1.35%
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Cusip: | 40054KWY8
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