New Issue: GS Finance prices $875,000 leveraged notes linked to Dow

By Angela McDaniels

Tacoma, Wash., March 28 – GS Finance Corp. priced $875,000 of 0% leveraged notes due March 25, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is zero or positive, the payout at maturity will be par plus 1.39 times the index return. If the index return is negative and the final index level is greater than or equal to 70% of the initial index level, the payout will be par plus the absolute value of the index return. If the final index level is less than 70% of the initial level, investors will experience a loss proportionate to the index’s decline.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged notes
Underlying index:	Dow Jones industrial average
Amount:	$875,000
Maturity:	March 25, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is zero or positive, par plus 1.39 times index return; if index return is negative and final index level is greater than or equal to 70% of initial index level, par plus absolute value of index return; if final index level is less than 70% of initial level, investors will experience loss proportionate to index’s decline
Initial index level:	17,602.30
Pricing date:	March 18
Settlement date:	March 28
Underwriter:	Goldman Sachs & Co.
Fees:	3.6%
Cusip:	40054K4E3

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