New Issue: GS Finance prices $1.1 million buffered notes due 2021 tied to basket

By Sarah Lizee

Olympia, Wash., Dec. 13 – GS Finance Corp. priced $1.1 million of 0% buffered notes due Dec. 16, 2021 linked to a basket of indexes and an ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The basket consists of the S&P 500 index with a 25% weight, the Euro Stoxx 50 index with a 22.5% weight, the iShares MSCI Emerging Markets ETF with a 22.5% weight, the S&P MidCap 400 index with a 15% weight and the Russell 2000 index with a 15% weight.

The payout at maturity will be par plus any basket gain, capped at par plus 43%.

Investors will receive par if the basket falls by up to 30% and will lose 1% for every 1% decline beyond 30%.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered notes
Underlying assets:	S&P 500 index (25% weight), Euro Stoxx 50 index (22.5% weight), iShares MSCI Emerging Markets ETF (22.5% weight), S&P MidCap 400 index (15% weight) and Russell 2000 index (15% weight)
Amount:	$1.1 million
Maturity:	Dec. 16, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain, capped at par plus 43%; par if the basket falls by up to 30%; 1% loss for every 1% decline beyond 30%
Initial levels:	2,636.78 for S&P, 3,055.32 for Stoxx, $39.76 for EM ETF, 1,763.45 for MidCap, 1,440.134 for Russell
Pricing date:	Dec. 11
Settlement date:	Dec. 14
Underwriter:	Goldman Sachs & Co.
Fees:	0.25%
Cusip:	40056EMY1

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