By Angela McDaniels
Tacoma, Wash., Jan. 15 – GS Finance Corp. priced $25 million of 0% notes due May 11, 2016 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The issue price is 99.61% of par.
The payout at maturity will be par plus the index return. The notes are not principal protected, so investors will receive less than par if that index return is negative.
The initial index level selected for the notes, 1,425.09, is 1.2% lower than the actual closing level of the index on the pricing date, which was 1,442.09.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Notes
|
| Underlying index: | Topix
|
| Amount: | $25 million
|
| Maturity: | May 11, 2016
|
| Coupon: | 0%
|
| Price: | 99.61
|
| Payout at maturity: | $1,000 plus product of $1,000 times index return
|
| Initial index level: | 1,425.09 (lower than 1,442.09 closing level of index on pricing date)
|
| Pricing date: | Jan. 13
|
| Settlement date: | Jan. 21
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.33%
|
| Cusip: | 40054CBH6
|
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