New Issue: GS Finance prices $250,000 leveraged notes linked to the Dow

By Marisa Wong

Morgantown, W.Va., May 26 – GS Finance Corp. priced $250,000 of 0% leveraged notes due May 28, 2019 linked to the Dow Jones industrial average, 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 plus 150% of the index return, subject to a maximum upside settlement amount of $1,260 for each $1,000 note. If the index declines by up to 20%, investors will receive par plus the absolute value of the return. If the index falls by more than 20%, investors will be fully exposed to the decline.

Goldman Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged index-linked notes
Underlying index:	Dow Jones industrial average
Amount:	$250,000
Maturity:	May 28, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 150% of index gain, return capped at 26%; if index declines by up to 20%, par plus the absolute value of the return; if index falls by more than 20%, full exposure to decline
Initial level:	17,500.94
Pricing date:	May 20
Settlement date:	May 27
Agent:	Goldman, Sachs & Co.
Fees:	2.6%
Cusip:	40054KBL9

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