By Devika Patel
Knoxville, Tenn., March 16 – GS Finance Corp. priced $10 million of 0% leveraged buffered notes due March 16, 2020 linked to the S&P 100 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 163% of the index return. Investors will receive par if the index declines by 10% or less and will be exposed to any declines beyond 10%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | S&P 100
|
| Amount: | $10 million
|
| Maturity: | March 16, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 163% of index gain; par if index falls by up to 10%; exposure to declines beyond 10%
|
| Initial level: | 896.55
|
| Pricing date: | March 11
|
| Settlement date: | March 16
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 0.3%
|
| Cusip: | 40054K5Q5
|
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