By Susanna Moon
Chicago, Jan. 31 – GS Finance Corp. priced $2.48 million of 0% capped gears notes due March 29, 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.
The payout at maturity will be par plus triple any index gain, up to a maximum settlement amount of $11.175 per $10.00 principal amount of notes.
Investors will be exposed to any losses.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Capped gears
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| Underlying index: | S&P 500
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| Amount: | $2,481,600
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| Maturity: | March 29, 2018
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | Par plus triple any index gain, capped at 11.75%; exposure to any index decline
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| Initial index level: | 2,296.68
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
|
| Underwriter: | Goldman Sachs & Co.
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| Fees: | 1.6%
|
| Cusip: | 36251U681
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