New Issue: GS Finance prices $1.1 million commodity-linked notes on weighted basket

By William Gullotti

Buffalo, N.Y., Nov. 4 – GS Finance Corp. priced $1.1 million of 0% commodity-linked notes due April 28, 2025 linked to the performance of a weighted basket of commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of West Texas Intermediate light sweet crude oil futures contracts with a 25% weight, ICE Brent Crude futures contract with a 25% weight, copper with a 12.5% weight, zinc with a 12.5% weight, aluminum with a 12.5% weight and U.S. Dollar LBMA Gold Price PM with a 12.5% weight.

The payout at maturity will be par plus the basket return with a floor of par.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Basket commodity-linked notes
Underlying assets:	West Texas Intermediate light sweet crude oil futures contracts (25% weight), ICE Brent Crude futures contract (25% weight), copper (12.5% weight), zinc (12.5% weight), aluminum (12.5% weight), U.S. LBMA Gold Price PM (12.5% weight)
Amount:	$1.1 million
Maturity:	April 28, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus basket return with floor of par
Initial prices:	$87.90 for WTI, $95.77 for Brent, $7,663.50 for copper, $2,914.00 for zinc, $2,226.00 for aluminum, $1,648.05 for gold
Pricing date:	Oct. 28
Settlement date:	Nov. 2
Agent:	Goldman Sachs & Co. LLC
Fees:	0.75%
Cusip:	40057NR41

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