By Tali Rackner
Norfolk, Va., March 24– GS Finance Corp. priced $1 million of 0% leveraged buffered notes due May 9, 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 plus three times the index return, subject to a maximum settlement amount of $1,201 per $1,000 principal amount.
Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.
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 buffered notes
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| Underlying index: | S&P 500
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| Amount: | $1 million
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| Maturity: | May 9, 2018
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If index return is positive, par plus three times the index return, capped at 106.7%; par if index declines by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
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| Initial index level: | 2,050.14
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| Pricing date: | March 21
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| Settlement date: | March 28
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 1.675%
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| Cusip: | 40054K6X9
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