New Issue: GS Finance sells $128,000 leveraged market-linked notes on basket

By Kiku Steinfeld

Chicago, Feb. 4 – GS Finance Corp. priced $128,000 of 0% market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside due Sept. 5, 2023 linked to an equally weighted basket of indexes, 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 50% weight and the Euro Stoxx 50 index with a 50% weight.

The payout at maturity will be par plus 1.25 times any basket gain, capped at par plus 12%. Investors will receive par if the basket falls by up to 10% and will lose 1% for every 1% decline beyond the 10% buffer.

Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside
Underlying basket:	S&P 500, Euro Stoxx 50, equally weighted
Amount:	$128,000
Maturity:	Sept. 5, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.25 times any basket gain, capped at par plus 12%; par if the basket falls by up to 10%; 1% loss for every 1% decline beyond the 10% buffer
Initial value:	4,522.68 for S&P, 4,196.41 for Stoxx
Buffer value:	90% of initial basket level
Pricing date:	Aug. 31
Settlement date:	Sept. 3
Agents:	Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC
Fees:	2.825%
Cusip:	40057HYT1

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