New Issue: GS Finance prices $962,000 leveraged notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Jan. 29 – GS Finance Corp. priced $962,000 of 0% leveraged notes due March 4, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of 11%. If the index return is zero or negative, investors will be exposed to the index’s decline.

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 notes
Underlying index:	S&P 500
Amount:	$962,000
Maturity:	March 4, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to 11% maximum return; if index return is zero or negative, exposure to index’s decline
Initial level:	3,243.63
Pricing date:	Jan. 27
Settlement date:	Jan. 30
Underwriter:	Goldman Sachs & Co. LLC
Fees:	2.03%
Cusip:	40056YB86

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