New Issue: Goldman prices $1.01 million capped leveraged buffered notes on S&P 500

By Susanna Moon

Chicago, Jan. 23 – GS Finance Corp. priced $1.01 million of 0% leveraged buffered notes due Jan. 23, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 2 times any index gain, up to a maximum settlement amount of $1,120 for each $1,000 principal amount.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond the geared buffer.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered notes
Underlying index:	S&P 500
Amount:	$1,006,000
Maturity:	Jan. 23, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any index gain, capped at 12%; par if index falls by up to 10%; otherwise, 1.1111% loss per 1% decline beyond 10%
Initial level:	2,635.96
Barrier level:	90% of initial level
Pricing date:	Jan. 17
Settlement date:	Jan. 23
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.1%
Cusip:	40056ETU2

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