By Wendy Van Sickle
Columbus, Ohio, Nov. 6 – GS Finance Corp. priced $6.08 million of 0% capped gears due Dec. 31, 2020 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 plus 3 times the index gain, capped at $11.62 per $10 face amount of notes.
Otherwise, investors will be fully exposed to the index decline.
Goldman Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Capped gears
|
| Underlying index: | Russell 2000
|
| Amount: | $6,083,280
|
| Maturity: | Dec. 31, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 3 times any index gain, capped at par plus $11.62 per $10 note; full exposure to any index decline
|
| Initial index level: | 1,571.933
|
| Pricing date: | Oct. 28
|
| Settlement date: | Oct. 31
|
| Underwriter: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
|
| Fees: | 2.1%
|
| Cusip: | 36258L577
|
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