By Marisa Wong
Morgantown, W.Va., March 26 – GS Finance Corp. priced 0% buffered participation securities due June 20, 2019 linked to the S&P 500 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 positive, the payout at maturity will be par plus the index return, capped at 9%.
Investors will receive par if the index finishes flat or declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Goldman Sachs & Co. is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered participation securities
|
| Underlying index: | S&P 500
|
| Amount: | $3,022,000
|
| Maturity: | June 20, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus any index gain; par if index finishes flat or falls by up to 10%; 1% loss for every 1% drop beyond 10%
|
| Initial level: | 2,752.01
|
| Pricing date: | March 16
|
| Settlement date: | March 21
|
| Agent: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.35%
|
| Cusip: | 36254G283
|
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