New Issue: GS Finance sells $38.13 million leveraged buffered notes linked to S&P

By Devika Patel

Knoxville, Tenn., May 5 – GS Finance Corp. priced $38.13 million of 0% leveraged buffered index-linked notes with capped upside due July 9, 2019 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 return is positive, the payout at maturity will be par of $1,000 plus double the index gain, subject to a maximum return of $1,233 per $1,000 of notes. Investors will receive par if the index falls by up to 35% and lose 1.5385% for every 1% decline in the index beyond 35%.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered index-linked notes with capped upside
Underlying index:	S&P 500
Amount:	$38,128,000
Maturity:	July 9, 2019
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return is positive, par plus double the index gain, capped at $1,233; par if index falls by up to 35%; 1.5385% loss for every 1% decline in index beyond 35%
Initial index level:	2,063.37
Pricing date:	May 3
Settlement date:	May 10
Underwriter:	Goldman Sachs & Co.
Fees:	0.5%
Cusip:	40054KBN5

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