By Marisa Wong
Morgantown, W.Va., May 26 – GS Finance Corp. priced $9.34 million of 0% leveraged buffered relative performance index-linked notes due May 29, 2019 based on the relative performance of the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The relative performance will be the difference of the Euro Stoxx 50 performance minus the S&P 500 performance. Each index’s performance will be its final level divided by its initial level.
If the relative performance is positive, the payout at maturity will be par plus 2 times the relative performance, subject to a maximum payment of $1,272 per $1,000 principal amount.
If the relative performance is zero or negative but not less than negative 10%, the payout will be par.
If the relative performance is less than negative 10%, investors will lose 1.1111% for every 1% that the relative performance is less than negative 5%.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered relative performance index-linked notes
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| Underlying indexes: | Euro Stoxx 50, S&P 500
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| Amount: | $9,335,000
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| Maturity: | May 29, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the relative performance is positive, par plus 2 times the relative performance, subject to a maximum return of 27.2%; if relative performance is zero or negative but not less than negative 10%, par; otherwise, 1.1111% loss for every 1% that the relative performance is less than negative 10%
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| Relative performance: | Difference of the Euro Stoxx 50 performance minus the S&P 500 performance; each index’s performance is its final level divided by its initial level
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| Initial levels: | 3,595.03 for Euro Stoxx and 2,398.42 for S&P
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| Pricing date: | May 23
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| Settlement date: | May 31
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| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 1.45%
|
| Cusip: | 40054LDF8
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