By Devika Patel
Knoxville, Tenn., March 2 – GS Finance Corp. priced $3.42 million of 0% buffered Performance Leveraged Upside Securities due March 5, 2019 linked to the Euro Stoxx 50 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 of $10 plus double the index return, subject to a maximum payment of $14.10 per PLUS.
Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% that it declines beyond 10%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $3,423,200
|
| Maturity: | March 5, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par of $10 plus double the index return, subject to a maximum payment of $14.10 per PLUS; par if index drops up to 10%; 1% loss for every 1% decline beyond 10%
|
| Initial level: | 2,945.75
|
| Pricing date: | Feb. 29
|
| Settlement date: | March 3
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 3.25%
|
| Cusip: | 36250E407
|
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