New Issue: GS Finance sells $9.24 million leveraged buffered notes tied to S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 16 – GS Finance Corp. priced $9.24 million of 0% leveraged buffered index-linked notes due Feb. 22, 2019 tied to the S&P 500 index, 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 positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum settlement amount of $1,105 per $1,000 principal amount. Investors will receive par if the index falls by up to 10% and lose 1.1111% for every 1% decline in the index beyond 10%.

Goldman, Sachs & Co. is the underwriter with JPMorgan as placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P 500
Amount:	$9.24 million
Maturity:	Feb. 22, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 150% of index return, with payout capped at par plus 10.5%; par if index falls by up to 10%; 1.1111% loss for every 1% decline in index beyond 10%
Initial index level:	2,695.14
Final level:	Average of closing levels on five trading days ending Feb. 19, 2019
Pricing date:	Feb. 6
Settlement date:	Feb. 9
Underwriter:	Goldman, Sachs & Co. with JPMorgan as placement agent
Fees:	1.1%
Cusip:	40055AL47

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