By Marisa Wong
Morgantown, W.Va., Jan. 25 – GS Finance Corp. priced $1.79 million of 0% leveraged buffered notes due June 25, 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 2 times the index return, subject to a maximum settlement amount of $1,144 per $1,000 principal amount.
If the index return is zero or negative but not less than negative 10%, the payout will be par.
If the index falls by more than 10%, investors will lose 1.1111% for every 1% decline 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: | $1,794,000
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Maturity: | June 25, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is zero or positive, par plus 2 times the index return, capped at 14.4%; if index return is zero or negative but not less than negative 10%, par; if index falls by more than 10%, 1.1111% loss for every 1% decline beyond 10%
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Initial index level: | 2,271.31
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Pricing date: | Jan. 20
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Settlement date: | Jan. 25
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Underwriter: | Goldman Sachs & Co.
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Fees: | 0.35%
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Cusip: | 40054KUG9
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