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Published on 8/1/2017 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $19.20 million capped gears linked to Russell 2000

By Marisa Wong

Morgantown, W.Va., Aug. 1 – GS Finance Corp. priced $19,196,350 of 0% capped gears notes due Sept. 28, 2018 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.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum settlement amount of $11.425.

Investors will lose 1% for each 1% decline.

Goldman, Sachs & Co. is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Capped gears
Underlying index:Russell 2000
Amount:$19,196,350
Maturity:Sept. 28, 2018
Coupon:0%
Price:Par
Payout at maturity:Par plus triple any index gain, capped at 14.25%; 1% loss for each 1% decline
Initial index level:1,442.279
Pricing date:July 26
Settlement date:July 31
Underwriter:Goldman, Sachs & Co.
Fees:2.1%
Cusip:36253M307

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