By Wendy Van Sickle
Columbus, Ohio, Aug. 3 – GS Finance Corp. priced $4.53 million of 0% Performance Leveraged Upside Securities due Nov. 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 finishes above its initial level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 16%.
If the index falls, investors will be exposed to the index’s decline.
Goldman Sachs & Co. is the agent. Morgan Stanley Wealth Management is acting as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | Russell 2000
|
| Amount: | $4,530,020
|
| Maturity: | Nov. 5, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index finishes above initial level, par plus 300% of index return, capped at 16%; exposure to any index decline
|
| Initial index level: | 1,425.144
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 3
|
| Agent: | Goldman Sachs & Co.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.35%
|
| Cusip: | 36253M380
|
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