By Susanna Moon
Chicago, Feb. 23 – GS Finance Corp. priced $5 million of 0% digital notes due March 23, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its 85% trigger level, the payout at maturity will be $1,072 per $1,000 of notes.
Otherwise, investors will lose 1.1765% for every 1% decline beyond 15%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman, Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Issue: | Digital notes
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| Underlying index: | S&P 500
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| Amount: | $5 million
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| Maturity: | March 23, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains or falls by no more than 15%, par plus 7.2%; otherwise, 1.1765% loss for every 1% index decline beyond 15%
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| Initial index level: | 1,917.78
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| Trigger level: | 85% of initial level
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| Pricing date: | Feb. 19
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| Settlement date: | Feb. 26
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| Agent: | Goldman, Sachs & Co.
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| Fees: | 0.81%
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| Cusip: | 40054K3N4
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