By Wendy Van Sickle
Columbus, Ohio, March 9 – 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 payout at maturity will be par plus the index return. The notes are not principal protected, so investors will receive less than par if the index return is negative.
The notes were issued at 99.48.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Issue: | Topix-linked notes
|
| Underlying index: | Topix
|
| Amount: | $25 million
|
| Maturity: | May 11, 2016
|
| Coupon: | 0%
|
| Price: | 99.48%
|
| Payout at maturity: | Par plus index return; full exposure to any index loss
|
| Initial index level: | 1,374.57
|
| Pricing date: | March 7
|
| Settlement date: | March 14
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.19%
|
| Cusip: | 40054K3L8
|
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