New Issue: GS Finance sells $6.82 million capped gears linked to S&P 500

By Sarah Lizee

Olympia, Wash., March 28 – GS Finance Corp. priced $6.82 million of 0% capped gears due May 29, 2020 linked 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 3 times the index gain, capped at $11.255 per $10 face amount of notes.

Otherwise, investors will be fully exposed to the index decline.

Goldman, Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Capped gears
Underlying index:	S&P 500
Amount:	$6,815,650
Maturity:	May 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 3 times any index gain, capped at par plus $11.255 per $10 note; full exposure to any index decline
Initial index level:	2,818.46
Pricing date:	March 26
Settlement date:	March 29
Underwriter:	Goldman, Sachs & Co. with UBS Financial Services Inc. as selling agent
Fees:	2.1%
Cusip:	36257D295

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