By Marisa Wong
Morgantown, W.Va., Jan. 27 – GS Finance Corp. priced $1.72 million of 0% index-linked notes due Jan. 29, 2019 tied 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 of $1,000 plus double the index return, subject to a maximum settlement amount of $1,510 per note.
If the index return is at least negative 20%, the payout will be par plus 0.5 times the absolute value of the index return.
If the index return is less than negative 20%, investors will be fully exposed to the index decline.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | Russell 2000
|
| Amount: | $1,723,000
|
| Maturity: | Jan. 29, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is zero or positive, par plus 200% of return, capped at 51%; if index return is at least negative 20%, par plus 0.5 times absolute value of index return; otherwise, full exposure to index decline
|
| Initial index level: | 1,020.66
|
| Pricing date: | Jan. 22
|
| Settlement date: | Jan. 29
|
| Underwriters: | Goldman, Sachs & Co.
|
| Fees: | 0.5%
|
| Cusip: | 40054CBQ6
|
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