By Susanna Moon
Chicago, Oct. 6 – GS Finance Corp. priced $4.98 million of 0% index-linked trigger notes due Oct. 7, 2019 tied to the SPDR S&P Bank exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the fund finishes at or above the 80% threshold, the payout at maturity will be par plus 25.6%.
Otherwise, investors will be fully exposed to any losses.
Goldman Sachs & Co. is the underwriter.
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 fund: | SPDR S&P Bank ETF
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Amount: | $4.98 million
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Maturity: | Oct. 7, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If fund closes at or above trigger level, par plus 25.6%; otherwise, full exposure to any losses
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Initial level: | $33.38
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Trigger level: | 80% of initial level
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Pricing date: | Sept. 30
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Settlement date: | Oct. 7
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Underwriter: | Goldman Sachs & Co.
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Fees: | 2.5%
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Cusip: | 40054KKT2
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