New Issue: GS Finance sells $22.48 million leveraged notes on Regional Banking ETF

By Marisa Wong

Morgantown, W.Va., April 6 – GS Finance Corp. priced $22.48 million of 0% leveraged notes due May 9, 2018 tied to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the fund return is positive, the payout at maturity will be par plus 300% of the fund gain, subject to a maximum return of 21.45%. If the fund finishes flat or falls, the payout will be par plus the fund return.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged notes
Underlying fund: SPDR S&P Regional Banking ETF
Amount:	$22,478,000
Maturity:	May 9, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If fund return is positive, par plus 300% of the fund gain, return capped at 21.45%; if fund return is zero or negative, par plus fund return
Initial price:	$54.12
Pricing date:	April 4
Settlement date:	April 11
Underwriter:	Goldman, Sachs & Co.
Fees:	0.91%
Cusip:	40054L5Y6

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