By Marisa Wong
Morgantown, W.Va., Oct. 16 – GS Finance Corp. priced $750,000 of 0% leveraged index-linked notes due April 15, 2021 tied 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 zero or positive, the payout at maturity will be par plus 125% of the index return, subject to a maximum payment of $1,346.875 per $1,000 principal amount.
If the index falls by up to 35%, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged index-linked notes
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| Underlying index: | S&P 500
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| Amount: | $750,000
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| Maturity: | April 15, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is zero or positive, par plus 1.25 times index return, capped at par plus 34.6875%; par if index falls by up to 35%; otherwise, full exposure to any losses
|
| Initial index level: | 2,728.37
|
| Pricing date: | Oct. 11
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| Settlement date: | Oct. 17
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| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.175%
|
| Cusip: | 40055QZR6
|
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