By Devika Patel
Knoxville, Tenn., April 1 – GS Finance Corp. priced $2.5 million of 0% trigger return optimization securities due March 29, 2019 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus double the gain, up to a maximum return of 42.5%.
The payout will be par if the index falls by up to 25%. Otherwise, investors will be fully exposed to the loss.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group Inc.
|
| Issue: | Trigger return optimization securities
|
| Underlying index: | Russell 2000
|
| Amount: | $2,503,250
|
| Maturity: | March 29, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus double any index gain, up to maximum return of 42.5%; par if index declines by up to 25%; full exposure to loss if index declines by more than 25%
|
| Initial index level: | 1,080.231
|
| Trigger level: | 810.173, 75% of its initial level
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 2.675%
|
| Cusip: | 36250E449
|
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