New Issue: GS Finance sells $609,000 leveraged notes linked to S&P 500

By Marisa Wong

Los Angeles, April 24 – GS Finance Corp. priced $609,000 of 0% leveraged index-linked notes due April 16, 2025 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.

If the index finishes at or above its initial level, the payout at maturity will be par plus 1.25 times the index return, capped at par plus 85%.

If the index falls by up to 30%, the payout will be par plus the absolute value of the index return. Otherwise, investors will lose 1% for every 1% that the index declines below its initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged index-linked notes
Underlying index:	S&P 500 index
Amount:	$609,000
Maturity:	April 16, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is zero or positive, par plus 1.25 times index return, capped at par plus 85%; if index falls by up to 30%, par plus absolute value of index return; otherwise, full exposure to losses
Initial index level:	2,789.82
Pricing date:	April 9
Settlement date:	April 17
Agent:	Goldman Sachs & Co. LLC
Fees:	0.3%
Cusip:	40056YYH1

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