By Wendy Van Sickle
Columbus, Ohio, Aug. 16 – GS Finance Corp. priced $3 million of 0% Performance Leveraged Upside Securities due Aug. 16, 2018 linked to the iShares MSCI Emerging Markets exchange-traded fund, 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 fund gain, up to a maximum payment of $13.50 per PLUS.
Investors will be exposed to any losses.
Goldman, Sachs & Co. is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | Goldman Sachs Group, Inc.
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| Guarantor: | GS Finance Corp.
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| Issue: | Performance Leveraged Upside Securities
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| Underlying ETF: | iShares MSCI Emerging Markets
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| Amount: | $3 million
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| Maturity: | Aug. 16, 2018
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If ETF return is positive, par plus 200% of ETF return, subject to 35% maximum return; full exposure to any loss
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| Initial level: | $37.51
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| Pricing date: | Aug. 12
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| Settlement date: | Aug. 17
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| Agent: | Goldman, Sachs & Co.
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.4%
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| Cusip: | 36250Y544
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