By Marisa Wong
Morgantown, W.Va., Feb. 10 – GS Finance Corp. priced $535,000 of 0% notes due Feb. 10, 2021 linked to the Dow Jones industrial average, 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 the gain, capped at 40%.
If the index return is negative but not less than negative 30%, the payout will be par plus the absolute value of the index return.
If the index falls by more than 30%, investors will be fully exposed to the index decline.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $535,000
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| Maturity: | Feb. 10, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is positive, par plus gain, capped at 40%; if index return is negative but not less than negative 30%, par plus the absolute value of the index return; if index falls by more than 30%, investors will be fully exposed to the index decline
|
| Initial index level: | 20,071.46
|
| Pricing date: | Feb. 3
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| Settlement date: | Feb. 10
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 2.95%
|
| Cusip: | 40054KUU8
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