New Issue: Goldman subsidiary prices $1.4 million leveraged notes linked to Bank of America

By Marisa Wong

Morgantown, W.Va., Dec. 2 – GS Finance Corp. priced $1.4 million of 0% leveraged notes due May 18, 2016 linked to the common stock of Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If the stock return is positive, the payout at maturity will be par plus two times the stock return, subject to a maximum settlement amount of $1,162 per $1,000 principal amount of notes. If the stock return is negative, investors will be fully exposed to the decline.

Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged notes
Underlying stock:	Bank of America Corp. (Symbol: BAC)
Amount:	$1.4 million
Maturity:	May 18, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If the stock return is positive, par plus two times the stock return, subject to a maximum settlement amount of $1,162 per $1,000 principal amount; if the stock return is negative, investors will be fully exposed to the decline
Initial share price:	$17.65
Pricing date:	Nov. 20
Settlement date:	Nov. 25
Underwriter:	Goldman Sachs & Co.
Agent:	J.P. Morgan Securities LLC (placement)
Fees:	0.55%
Cusip:	362273AD6

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