By Marisa Wong
Morgantown, W.Va., Feb. 4 – GS Finance Corp. priced $858,000 of 0% jump securities due Feb. 1, 2018 linked to 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.
If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the upside payment of $2.20 per note.
If the index finishes below the initial level, investors will be fully exposed to the decline.
Goldman, Sachs & Co. is the underwriter with Morgan Stanley Wealth Management as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Jump securities
|
| Underlying index: | S&P 500
|
| Amount: | $858,000
|
| Maturity: | Feb. 1, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index finishes at or above initial index level, par plus 22%; full exposure to any index decline
|
| Initial index level: | 1,940.24
|
| Pricing date: | Jan. 29
|
| Settlement date: | Feb. 3
|
| Underwriter: | Goldman, Sachs & Co. with Morgan Stanley Wealth Management as dealer
|
| Fees: | 2.65%
|
| Cusip: | 36250E258
|
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