GS Finance to price capped buffer gears linked to Russell 2000 index

By Tali Rackner

Norfolk, Va., April 13 – GS Finance Corp. plans to price capped buffer gears due April 30, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is positive, the payout at maturity will be par plus 1.5 times the index gain, subject to a maximum settlement amount that is expected to be $13.45 to $13.85 for each $10 face amount.

If the index finishes at or below the initial level but at or above the downside threshold, 90% of the initial level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline beyond 10%.

Goldman, Sachs & Co. is the agent.

The notes will price on April 26 and settle on April 29.

The Cusip number is 36250E613.

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