New Issue: GS Finance prices $500,000 leveraged buffered notes tied to basket

By Wendy Van Sickle

Columbus, Ohio, Nov. 12 – GS Finance Corp. priced $500,000 of 0% leveraged buffered notes due Oct. 29, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The basket consists of the S&P 500 index with a 75% weight and the Russell 2000 index with a 25% weight.

The payout at maturity will be par plus 2 times any basket gain up to a maximum settlement amount of $1,160 for each $1,000 of notes.

Investors will receive par if the basket falls by up to 20% and will lose 1% for every 1% decline beyond 20%.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered notes
Underlying assets:	S&P 500 index (75% weight), Russell 2000 index (25% weight)
Amount:	$500,000
Maturity:	Oct. 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any basket gain, up to maximum settlement amount of $1,160 for each $1,000 of notes; par if the basket falls by up to 20%; 1% loss for every 1% decline beyond 20%
Initial levels:	2,711.74 for S&P, 1,511.413 for Russell
Pricing date:	Oct. 31
Settlement date:	Nov. 5
Underwriter:	Goldman Sachs & Co.
Fees:	0.4%
Cusip:	40056ECX4

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