By Marisa Wong
Morgantown, W.Va., April 26 – GS Finance Corp. priced $762,000 of 0% notes due Oct. 24, 2019 linked to the S&P 500 index and 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 return of each index is positive, the payout at maturity be par plus 1.21 times the return of lesser performing index.
If the return of either index is negative but the return of each index is at least negative 25%, the payout will be par plus the absolute value of the return of the lesser performing index.
Otherwise, investors will be fully exposed to the decline of the lesser performing index.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $762,000
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| Maturity: | Oct. 24, 2019
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the return of each index is positive, par plus 1.21 times the return of lesser performing index; if the return of either index is negative but the return of each index is at least negative 25%, par plus the absolute value of the return of the lesser performing index; otherwise, investors will be fully exposed to the decline of the lesser performing index
|
| Initial index levels: | 2,338.17 for S&P and 1,367.133 for Russell
|
| Pricing date: | April 19
|
| Settlement date: | April 24
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| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.925%
|
| Cusip: | 40054L6E9
|
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