New Issue: GS Finance sells $343,000 leveraged notes tied to index, ETF basket

By Sarah Lizee

Olympia, Wash., Dec. 28 – GS Finance Corp. priced $343,000 of 0% leveraged notes due Dec. 5, 2023 linked to a basket of indexes and an exchange-traded fund, 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 40% weight, the Russell 2000 index with a 20% weight, the Euro Stoxx 50 index with a 20% weight and the iShares MSCI Emerging Markets ETF with a 20% weight.

The payout at maturity will be par plus 147.5% of any basket gain.

Investors will receive par if the basket declines by up to 40% and will be exposed to any losses if the basket falls by more than 40%.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged notes
Underlying assets:	S&P 500 index with a 40% weight, Russell 2000 index with a 20% weight, Euro Stoxx 50 index with a 20% weight and iShares MSCI Emerging Markets ETF with a 20% weight
Amount:	$343,000
Maturity:	Dec. 5, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 147.5% of any basket gain; par if the basket finishes flat or declines by up to 40%; otherwise full exposure to losses
Initial levels:	2,760.17 for S&P, 1,533.266 for Russell, 3,173.13 for Stoxx and $41.08 for ETF
Pricing date:	Nov. 30
Settlement date:	Dec. 5
Underwriter:	Goldman Sachs & Co.
Fees:	1.725%
Cusip:	40056EFZ6

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