New Issue: GS Finance sells $222,000 leveraged basket-linked notes on indexes, ETF

By Wendy Van Sickle

Columbus, Ohio, Jan. 7 – GS Finance Corp. priced $222,000 of 0% leveraged notes due Jan. 3, 2024 linked to a basket of three indexes and an exchange-traded fund, 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 40% weight, the iShares MSCI Emerging Markets ETF with a 20% weight, the Euro Stoxx 50 index with a 20% weight and the Russell 2000 index with a 20% weight.

The payout at maturity will be par plus 1.55 times any basket gain.

Investors will receive par if the basket finishes flat or falls by up to 40% and will be fully exposed to losses if the basket falls by more than 40%.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Basket-linked notes
Underlying assets:	S&P 500 index with a 40% weight, Euro Stoxx 50 index with a 20% weight, iShares MSCI Emerging Markets ETF with a 20% weight and Russell 2000 index with a 20% weight
Amount:	$222,000
Maturity:	Jan. 3, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.55 times any basket gain; par if the basket falls by up to 40% or is flat; full exposure to loss if basket falls by more than 40%
Initial levels:	2,485.74 for S&P 500, $39.24 for ETF, 2,986.53 for Stoxx, 1,337.923 for Russell
Pricing date:	Dec. 28
Settlement date:	Jan. 3
Underwriter:	Goldman Sachs & Co.
Fees:	1.725%
Cusip:	40056EM70

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