By Marisa Wong
Morgantown, W.Va., March 4 – GS Finance Corp. priced $1.34 million of 0% notes due March 5, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is zero or positive, the payout at maturity will be par plus double the index return, subject to a maximum upside settlement amount of $1,200 per $1,000 principal amount.
If the index falls by up to 35%, the payout will be par plus 0.5 times the absolute value of the index return.
If the index falls by more than 35%, the payout will be par plus the index return, will full exposure to losses.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | Russell 2000
|
| Amount: | $1,335,000
|
| Maturity: | March 5, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is zero or positive, the payout at maturity will be par plus double the index return, return capped at 20%; if index falls by up to 35%, par plus 0.5 times the absolute value of the index return; if index falls by more than 35%, par plus the index return, will full exposure to losses
|
| Initial level: | 1,031.58
|
| Pricing date: | Feb. 25
|
| Settlement date: | March 3
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 0.425%
|
| Cusip: | 40054K3Z7
|
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