By Wendy Van Sickle
Columbus, Ohio, May 1 – GS Finance Corp. priced $16.54 million of 0% capped gears due June 28, 2019 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 $11.47.
Investors will lose 1% for each 1% index decline.
Goldman, Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Capped gears
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Underlying index: | Russell 2000
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Amount: | $16,535,000
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Maturity: | June 28, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 3 times any index gain, capped at $11.47 per note; full exposure to any index decline
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Initial index level: | 1,557.895
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Pricing date: | April 26
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Settlement date: | April 30
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Underwriter: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
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Fees: | 2.1%
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Cusip: | 36254G507
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