By Susanna Moon
Chicago, Feb. 29 – GS Finance Corp. priced $2.47 million of 0% buffered return optimization securities due Feb. 28, 2019 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $14.45 for each $10 principal amount.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Issue: | Buffered return optimization securities
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Underlying index: | Russell 2000
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Amount: | $2,469,200
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Maturity: | Feb. 28, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 1.5 times any index gain, return capped at 44.5%; par if index falls by up to 10%; exposure to any losses beyond 10%
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Initial level: | 1,022.077
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Pricing date: | Feb. 24
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Settlement date: | Feb. 29
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Agents: | Goldman Sachs & Co.
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Fees: | 2.75%
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Cusip: | 36250E324
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