By Angela McDaniels
Tacoma, Wash., March 4 – GS Finance Corp. priced $1.3 million of 0% notes due March 5, 2020 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Goldman Sachs Group, Inc. guarantees the notes.
If the return of each index is greater than or equal to zero, the payout at maturity will be par plus 1.5 times the return of the lesser-performing index.
If the return of either index is less than zero but the return of each index is greater than or equal to negative 50%, the payout will be par.
If the return of either index is less than negative 50%, investors will be fully exposed to the decline of the lesser-performing index.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Notes
|
| Underlying indexes: | Russell 2000 and S&P 500
|
| Amount: | $1,295,000
|
| Maturity: | March 5, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If return of each index is greater than or equal to zero, par plus 1.5 times return of lesser-performing index; if return of either index is less than zero but return of each index is greater than or equal to negative 50%, par; if return of either index is less than negative 50%, full exposure to decline of lesser-performing index
|
| Initial levels: | 1,986.45 for S&P 500 and 1,065.673 for Russell 2000
|
| Pricing date: | March 2
|
| Settlement date: | March 7
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.25%
|
| Cusip: | 40054K3X2
|
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