By Susanna Moon
Chicago, Aug. 23 – GS Finance Corp. priced $5.37 million of 0% leveraged buffered notes due Feb. 23, 2018 linked to the iShares U.S. Real Estate exchange-traded fund, 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 plus triple any fund gain, up to a maximum settlement of $1,165 per $1,000 principal amount.
Investors will receive par if the fund falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered notes
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| Underlying fund: | iShares U.S. Real Estate ETF
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| Amount: | $5,365,000
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| Maturity: | Feb. 23, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus triple any fund gain, capped at 16.5%; par if fund falls by up to 10%; 1.1111% loss per 1% decline beyond 10%
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| Initial level: | $82.02
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| Barrier level: | 90% of initial level
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| Pricing date: | Aug. 19
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| Settlement date: | Aug. 26
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| Agent: | Goldman Sachs & Co.
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| Fees: | 1.08%
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| Cusip: | 40054KHU3
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