By Marisa Wong
Morgantown, W.Va., Sept. 17 – GS Finance Corp. priced $7.28 million of 0% capped buffer gears due Aug. 31, 2020 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 two times the index gain, subject to a maximum settlement amount of $11.61 for each $10 face amount.
If the index finishes at or below the initial level but at or above the downside threshold, 90% of the initial level, the payout will be par.
Otherwise, investors will be exposed to losses beyond 10%.
Goldman, Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Capped buffer gears
|
| Underlying index: | S&P 500 index
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| Amount: | $7,279,550
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| Maturity: | Aug. 31, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times any index gain, subject to a maximum settlement amount of $11.61 for each $10 face amount; par if index finishes at or below the initial level but at or above the 90% downside threshold; otherwise, investors will be exposed to losses beyond 10%
|
| Initial index level: | 2,897.52
|
| Pricing date: | Aug. 28
|
| Settlement date: | Aug. 31
|
| Underwriter: | Goldman, Sachs & Co. with UBS Financial Services Inc. as selling agent
|
| Fees: | 2.175%, including 2% for selling concessions
|
| Cusip: | 36255U539
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