New Issue: GS Finance sells $7.57 million buffered notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 16 – GS Finance Corp. priced $7.57 million of 0% buffered index-linked notes due Nov. 18, 2020 tied 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.

The payout at maturity will be par plus two times any index gain up to a maximum return of par plus 13.2%. Investors will receive par if the index falls by up to 15% and lose 1% for every 1% decline in the index beyond 15%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered index-linked notes
Underlying index:	S&P 500
Amount:	$7.57 million
Maturity:	Nov. 18, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, capped at par plus 13.2%; par if the index falls by up to 15%; 1% loss for every 1% decline in the index beyond 15%
Initial index level:	2,811.87
Pricing date:	May 13
Settlement date:	May 16
Underwriter:	Goldman, Sachs & Co.
Fees:	0.15%
Cusip:	40056FCB9

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