By Angela McDaniels
Tacoma, Wash., March 3 – GS Finance Corp. priced $8.98 million of 0% leveraged buffered notes due March 22, 2018 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the ETF return is positive, the payout at maturity will be par plus two times the ETF return, subject to a maximum settlement amount of $1,620 per $1,000 principal amount of notes. Investors will receive par if the ETF declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered notes
|
| Underlying ETF: | SPDR S&P Oil & Gas Exploration & Production ETF
|
| Amount: | $8.98 million
|
| Maturity: | March 22, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF return is positive, par plus two times ETF return, up to 62% maximum return; par if ETF declines by 10% or less; 1.1111% loss for every 1% that ETF declines beyond 10%
|
| Initial share price: | $25.20
|
| Pricing date: | March 1
|
| Settlement date: | March 8
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.505%
|
| Cusip: | 40054K4Z6
|
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