New Issue: Goldman Sachs prices $5.02 million notes linked to S&P 500 index

By Marisa Wong

Morgantown, W.Va., Jan. 19 – Goldman Sachs Group, Inc. priced $5.02 million of 0% index-linked notes due Jan. 19, 2018 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par plus the index return, subject to a maximum settlement amount of $1,290 per $1,000 principal amount of notes.

If the index return is negative but greater than or equal to negative 20%, the payout will be par plus the absolute value of the index return.

If the index return is less than negative 20%, investors will be fully exposed to the index decline.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500
Amount:	$5.02 million
Maturity:	Jan. 19, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return is zero or positive, par plus the index return, capped at 29%; if index falls by up to 20%, par plus the absolute value of the index return; if index falls by more than 20%, investors will be fully exposed to the index decline
Initial level:	1,917.38, set lower than index closing level on pricing date of 1,921.84
Pricing date:	Jan. 14
Settlement date:	Jan. 22
Agent:	Goldman Sachs & Co.
Fees:	1.45%
Cusip:	38148TL98

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