By Marisa Wong
Morgantown, W.Va., March 18 – GS Finance Corp. priced $14.42 million of 0% buffered Performance Leveraged Upside Securities due Oct. 3, 2018 linked 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 of $10 plus double the index return, subject to a maximum payment of $12.50 per PLUS.
Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% that it declines beyond 10%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
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| Amount: | $14,418,450
|
| Maturity: | Oct. 3, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par of $10 plus double the index return, subject to a maximum payment of $12.50 per PLUS; par if index drops up to 10%; 1% loss for every 1% decline beyond 10%
|
| Initial level: | 2,027.22
|
| Pricing date: | March 16
|
| Settlement date: | March 21
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 3.175%
|
| Cusip: | 36250E456
|
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