By Wendy Van Sickle
Columbus, Ohio, Jan. 29 – GS Finance Corp. priced $19.51 million of 0% return optimization securities due Feb. 28, 2017 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus triple the gain, up to a maximum return of 18.12%.
Investors will be fully exposed to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Issue: | Return optimization securities
|
| Underlying index: | Russell 2000
|
| Amount: | $19,514,250
|
| Maturity: | Feb. 28, 2017
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus three times any index gain, return capped at 18.12%; investors will have full exposure to any index decline
|
| Initial index level: | 1,017.974
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 29
|
| Agents: | Goldman Sachs & Co.
|
| Fees: | 2.1%
|
| Cusip: | 36250E175
|
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