By Wendy Van Sickle
Columbus, Ohio, June 2 – GS Finance Corp. priced $11.42 million of buffered Performance Leveraged Upside Securities due Dec. 5, 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.
The payout at maturity will be par of $10 plus 200% of any index gain, up to a cap of $12.03 per PLUS.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
Goldman, Sachs & Co. is the underwriter with Morgan Stanley Wealth Management as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $11,419,420
|
| Maturity: | Dec. 5, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par of $10 plus double the index return, subject to a maximum payment of $12.03 per PLUS; par if index drops up to 10%; 1% loss for every 1% decline beyond 10%
|
| Initial level: | 2,096.96
|
| Pricing date: | May 31
|
| Settlement date: | June 3
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 3.175%
|
| Cusip: | 36250Y171
|
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