New Issue: Goldman prices $461,000 leveraged basket-linked notes on indexes, ETF

By Sarah Lizee

Olympia, Wash., Nov. 8 – GS Finance Corp. priced $461,000 of 0% leveraged notes due Nov. 5, 2024 linked to a basket of indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

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 exchange-traded fund with a 20% weight.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the basket return is positive, the payout at maturity will be par plus 1.4 times the basket return.

If the basket declines by up to 40%, the payout will be par. Otherwise, investors will be fully exposed to any decline in the basket.

Goldman Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged notes
Underlying indexes:	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:	$461,000
Maturity:	Nov. 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 1.4 times the basket return; par if basket declines but not by more than 40%; full exposure to losses if basket falls by more than 40%
Initial levels:	3,037.56 for S&P, 1,562.452 for Russell, 3,604.41 for Stoxx and $42.58 for ETF
Pricing date:	Oct. 31
Settlement date:	Nov. 5
Agent:	Goldman Sachs & Co.
Fees:	1.03%
Cusip:	40056XGM2

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