By Marisa Wong
Morgantown, W.Va., April 26 – GS Finance Corp. priced $3.25 million of 0% buffered notes due April 16, 2020 linked to the lesser performing of 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 zero or positive, the payout at maturity will be par plus the return of the lesser performing index, capped at 12%.
If either index falls but each index finishes at or above 70% of its initial level, the payout will be par plus 0.5 times the absolute value of the return of the lesser performing index.
If either index falls by more than 30%, investors will lose 1% for every 1% decline in the lesser performing index beyond 30%.
Goldman, Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered notes
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| Underlying indexes: | S&P 500, Russell 2000
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| Amount: | $3.25 million
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| Maturity: | April 16, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the return of each index is zero or positive, par plus the return of the lesser performing index, capped at 12%; if either index falls but each index finishes at or above 70% of its initial level, par plus 0.5 times the absolute value of the return of the lesser performing index; if either index falls by more than 30%, 1% loss for every 1% decline in the lesser performing index beyond 30%
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| Initial index levels: | 2,663.99 for S&P and 1,557.326 for Russell
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| Pricing date: | April 12
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| Settlement date: | April 17
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| Underwriter: | Goldman, Sachs & Co. LLC
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| Fees: | 0.8%
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| Cusip: | 40055AUU9
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