By Marisa Wong
Morgantown, W.Va., Feb. 23 – GS Finance Corp. priced $5 million of 0% leveraged buffered notes due March 23, 2017 tied to the S&P 500 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 1.5 times the index gain, subject to a maximum settlement amount of $1,144 per $1,000 of notes.
If the index return is zero or negative but at least negative 10%, the payout will be par.
If the index return is less than negative 10%, investors will lose 1.1111% for every 1% index decline beyond the 10% buffer.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged index-linked notes
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| Underlying index: | S&P 500
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| Amount: | $5 million
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| Maturity: | March 23, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 1.5 times index gain, capped at 14.4%; par if index falls by up to 10%; 1.1111% loss for every 1% drop beyond 10%
|
| Initial level: | 1,917.78
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| Pricing date: | Feb. 19
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| Settlement date: | Feb. 26
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| Agent: | Goldman Sachs & Co.
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| Fees: | 0.81%
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| Cusip: | 40054K3S3
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