New Issue: Goldman prices $762,000 leveraged index-linked notes tied to Dow Jones

By Tali Rackner

Norfolk, Va., Aug. 25 – Goldman Sachs Group, Inc. priced $762,000 of 0% leveraged index-linked notes due Aug. 30, 2021 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.31 times any index gain.

If the index return is negative and the final index level is equal to or greater than 70% of the initial level, the payout will be par plus the absolute value of the return.

If the index falls by more than 30%, investors will share fully in those losses.

Goldman Sachs & Co. is the agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Leveraged index-linked notes
Underlying index:	Dow Jones industrial average
Amount:	$762,000
Maturity:	Aug. 30, 2021
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return is positive, par plus 1.31 times the return; if index return is negative and final level is 70% of initial level or greater, par plus absolute value of the return; if index falls by more than 30%, exposure to losses
Initial index level:	16,459.75
Pricing date:	Aug. 21
Settlement date:	Aug. 28
Underwriter:	Goldman, Sachs & Co.
Fees:	3.625%
Cusip:	38148TB99

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