New Issue: GS Finance sells $84,000 leveraged notes tied to index, ETF basket

By Marisa Wong

Morgantown, W.Va., April 25 – GS Finance Corp. priced $84,000 of 0% leveraged notes due April 5, 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 Russell 2000 index with a 20% weight, the Euro Stoxx 50 index with a 20% weight and the iShares MSCI Emerging Markets ETF with a 20% weight.

The payout at maturity will be par plus 1.35 times any basket gain.

Investors will receive par if the basket finishes flat or declines by up to 40%. Otherwise, investors will be fully exposed to any basket decline.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged notes
Underlying assets:	S&P 500 index (40% weight), Russell 2000 index (20% weight), Euro Stoxx 50 index (20% weight) and iShares MSCI Emerging Markets ETF (20% weight)
Amount:	$84,000
Maturity:	April 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.35 times any basket gain; par if the basket finishes flat or declines by up to 40%; otherwise, full exposure to losses
Initial levels:	2,834.40 for S&P, 1,539.739 for Russell, 3,351.71 for Stoxx and $42.92 for EM
Pricing date:	March 29
Settlement date:	April 3
Underwriter:	Goldman Sachs & Co.
Fees:	1.1%
Cusip:	40056F3B9

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