By Wendy Van Sickle
Columbus, Ohio, March 13 – GS Finance Corp. priced $2.79 million of 0% index-linked notes due March 11, 2022 linked to the lesser performing of the MSCI Emerging Markets index and the MSCI AC ASIA index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is zero or positive, the payout at maturity will be par plus 1.9 times the return of the lesser performing index.
If either index falls but the return of each index is at least negative 15%, the payout will be par.
If either index falls by more than15%, investors will lose 1% for every 1% decline of the worse performing index beyond 15%.
Goldman, Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying indexes: | MSCI Emerging Markets index and MSCI AC ASIA index
|
| Amount: | $2,791,000
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| Maturity: | March 11, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the return of each index is zero or positive, par plus 1.9 times the return of the lesser performing index; if either index falls but the return of each index is at least negative 15%, par; otherwise, 1% loss for every 1% decline of the worse performing index beyond 15%
|
| Initial levels: | 1,030.13 Emerging Markets and 143.44 for MSCI AC ASIA
|
| Pricing date: | March 8
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| Settlement date: | March 13
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.675%
|
| Cusip: | 40056EYK8
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