By Angela McDaniels
Tacoma, Wash., March 6 – GS Finance Corp. priced $4.08 million of 0% trigger notes due Sept. 6, 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 final index level is greater than or equal to 72.5% of the initial index level, the payout at maturity will be par plus the index return, subject to a minimum payout of par. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC 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: | $4.08 million
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Maturity: | Sept. 6, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than or equal to 72.5% of initial index level, par plus greater of zero and index return; otherwise, 1% loss for every 1% that final index level is less than initial index level
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Initial index level: | 375.61
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Final index level: Average of index’s closing levels on five trading days ending Sept. 3, 2018
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Pricing date: | March 2
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Settlement date: | March 7
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Underwriter: | Goldman Sachs & Co.
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Placement agent: J.P. Morgan Securities LLC
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Fees: | 1.35%
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Cusip: | 40054KZ90
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