By Wendy Van Sickle
Columbus, Ohio, Oct. 6 – GS Finance Corp. priced $6.17 million of 0% leveraged buffered notes due April 9, 2019 tied to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus 2 times any index gain.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered notes
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| Underlying index: | S&P MidCap 400
|
| Amount: | $6.17 million
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| Maturity: | April 9, 2019
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 2 times any index gain; par if index falls by up to 20%; 1.25% loss per 1% drop beyond 20%
|
| Initial level: | 1,533.95
|
| Contingent buffer: | 20%
|
| Pricing date: | Oct. 4
|
| Settlement date: | Oct. 7
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.175%
|
| Cusip: | 40054KLZ7
|
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