A story in the March 12 edition of the Prospect News Structured Products Daily gave an incorrect issuer for GS Finance Corp.’s $2,106,000 of 0% buffered notes due March 10, 2020 linked to the Russell 2000 index. A revised story follows.
By Wendy Van Sickle
Columbus, Ohio, March 12 – GS Finance Corp. priced $2.11 million of 0% buffered notes due March 10, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive the payout at maturity will be par plus 15%.
If the index falls by up to 23.25%, the payout will be par plus half of the absolute value of the return.
Investors will lose 1.3029% for every 1% that the index falls by more than 23.25%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered notes
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| Underlying index: | Russell 2000
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| Amount: | $2,106,000
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| Maturity: | March 10, 2020
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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 15%; if index falls by up to 23.25%, par plus half the absolute value of return; 1.3029% loss for every 1% decline beyond 23.25%
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| Initial index level: | 1,533.172
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| Pricing date: | March 5
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| Settlement date: | March 8
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.425%
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| Cusip: | 40055ARS8
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