By Devika Patel
Knoxville, Tenn., April 1 – GS Finance Corp. priced $6.91 million of 0% return optimization securities due May 31, 2017 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 finishes above its initial level, the payout at maturity will be par of $10 plus triple the gain, up to a maximum return of 13.35%.
Investors will be fully exposed to any losses.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Return optimization securities
|
| Underlying index: | S&P 500
|
| Amount: | $6,906,230
|
| Maturity: | May 31, 2017
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus three times any index gain, return capped at 13.35%; investors will have full exposure to any index decline
|
| Initial index level: | 2,037.05
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 2.1%
|
| Cusip: | 36250E431
|
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