By Marisa Wong
Morgantown, W.Va., July 5 – GS Finance Corp. priced $1.3 million of 0% leveraged notes due Aug. 1, 2017 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 5 times the return, subject to a maximum settlement amount of $1,200 per $1,000 principal amount.
Investors will be fully exposed to any index decline.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged index-linked notes
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Underlying index: | Russell 2000
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Amount: | $1.3 million
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Maturity: | Aug. 1, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 5 times the gain, capped at 20%; full exposure to losses
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Initial level: | 1,089.646
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Pricing date: | June 27
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Settlement date: | July 5
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Agent: | Goldman, Sachs & Co.
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Fees: | 0.91%
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Cusip: | 40054KEP7
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