New Issue: Goldman prices $4.02 million trigger performance notes tied to Vanguard FTSE EM ETF

By Marisa Wong

Morgantown, W.Va., Oct. 2 – Goldman Sachs Group, Inc. priced $4.02 million of 0% trigger performance securities due Sept. 30, 2020 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par of $10 plus 105% of the ETF return. Investors will receive par if the ETF falls by up to 40% and will be fully exposed to losses from the initial share price if it falls by more than 40%.

Goldman, Sachs & Co. is the agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Trigger performance securities
Underlying ETF:	Vanguard FTSE Emerging Markets ETF
Amount:	$4.02 million
Maturity:	Sept. 30, 2020
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If ETF return is positive, par plus 105% of ETF return; par if ETF falls by up to 40%; full exposure to losses from initial share price if ETF falls by more than 40%
Initial share price:	$32.69
Trigger share price:	$19.61, 60% of initial share price
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	Goldman, Sachs & Co.
Fees:	3.85%
Cusip:	38148X324

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