By Tali Rackner
Norfolk, Va., Jan. 20 – GS Finance Corp. priced $2.16 million of 0% Performance Leveraged Upside Securities due May 3, 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 positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 18.15%.
If the index return is negative, investors will be fully exposed to the decline.
Goldman Sachs & Co. is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group Inc.
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| Issue: | Performance Leveraged Upside Securities
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| Underlying index: | Russell 2000
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| Amount: | $2,161,060
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| Maturity: | May 3, 2018
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index return is positive, par plus 300% of index return, subject to 18.15% maximum return; if index declines, full exposure to decline
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| Initial level: | 1,372.047
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| Pricing date: | Jan. 13
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| Settlement date: | Jan. 19
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| Agent: | Goldman Sachs & Co.
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.35%
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| Cusip: | 36251U590
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