By Marisa Wong
Morgantown, W.Va., Feb. 27 – GS Finance Corp. priced $6.22 million of 0% notes due Aug. 22, 2018 linked to the Stoxx Europe 600 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 zero or positive, the payout at maturity will be par plus the index return, capped at 19%.
If the index return is negative but the index finishes at or above 81% of the initial level, the payout at maturity will be par plus the absolute value of the index return.
If the index finishes below 81% of the initial level, investors will lose 1% for each 1% decline below the initial level.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Notes
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| Underlying index: | Stoxx Europe 600
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| Amount: | $6.22 million
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| Maturity: | Aug. 22, 2018
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If index return is zero or positive, par plus index return, capped at 19%; if index return is negative but index finishes at or above 81% of initial level, par plus absolute value of index return; otherwise, 1% loss for each 1% decline below initial level
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| Initial index level: | 370.22
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| Final level: | Average of index closing levels on the five trading days ending Aug. 17, 2018
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| Pricing date: | Feb. 17
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| Settlement date: | Feb. 23
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| Underwriter: | Goldman, Sachs & Co. with JPMorgan as placement agent
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| Fees: | 1.35%
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| Cusip: | 40054KWZ5
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