By Marisa Wong
Morgantown, W.Va., Feb. 1 – GS Finance Corp. priced $1 million of 0% index-linked notes due Feb. 1, 2019 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 5.25%.
If the index return is negative but the index finishes at or above 75% of its initial level, the payout will be par plus 0.5 times the absolute value of the index return.
If the index falls by more than 25%, investors will be fully exposed to the index’s decline from its initial level.
Goldman, Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying index: | Russell 2000 index
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| Amount: | $1 million
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| Maturity: | Feb. 1, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is zero or positive, par plus 5.25%; if the index return is negative but the index finishes at or above 75% of its initial level, par plus 0.5 times the absolute value of the index return; otherwise, full exposure to the index’s decline from its initial level
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| Initial index level: | 1,599.611 (set on Jan. 24)
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| Pricing date: | Jan. 25
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| Settlement date: | Jan. 29
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| Underwriter: | Goldman, Sachs & Co. LLC
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| Fees: | 0.35%
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| Cusip: | 40055AGE1
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