New Issue: GS Finance sells $150,000 leveraged buffered notes on index, ETF basket

By Marisa Wong

Morgantown, W.Va., June 4 – GS Finance Corp. priced $150,000 of 0% leveraged buffered notes due Dec. 6, 2022 linked to a basket of the Euro Stoxx 50 index with a 60% weight, the iShares MSCI Emerging Markets exchange-traded fund with a 20% weight and the Nikkei 225 with a 20% weight, according to a 424B2 filing with the Securities and Exchange Commission.

Goldman Sachs Group, Inc. is the guarantor.

If the basket return is positive, the payout at maturity will be par plus 180% of the basket gain. Investors will receive par if the basket falls by up to 40% and lose 1% for every 1% decline below the initial level if it falls by more than 40%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered notes
Underlying basket:	Euro Stoxx 50 index with a 60% weight, iShares MSCI Emerging Markets ETF with a 20% weight and Nikkei 225 with a 20% weight
Amount:	$150,000
Maturity:	Dec. 6, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is positive, par plus 180% of the basket gain; par if the basket falls by up to 40%; 1% loss for every 1% decline below the initial level if it falls by more than 40%
Initial levels:	3,453.54 for Euro Stoxx, $46.33 for EM ETF and 22,171.35 for Nikkei
Pricing date:	June 1
Settlement date:	June 6
Underwriter:	Goldman, Sachs & Co.
Fees:	0.95%
Cusip:	40055Q5K4

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