New Issue: GS Finance prices $1.12 million leveraged notes with absolute return linked to Dow

By Wendy Van Sickle

Columbus, Ohio, Aug. 23 – GS Finance Corp. priced $1.12 million of 0% leveraged notes due Aug. 26, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

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

If the index return is positive, the payout at maturity will be par plus 130% of the index return. If the index declines by 30% or less, the payout will be par plus the absolute value of the index return. If the index declines by more than 30%, investors will lose 1% for every 1% that the index declines from its initial level.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged index-linked notes
Underlying index:	Dow Jones industrial average
Amount:	$1,117,000
Maturity:	Aug. 26, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 1.3 times the gain; if index declines by up to 30%, par plus the absolute value of the return; if index falls by more than 30%, full exposure to decline
Initial level:	18,552.57
Pricing date:	Aug. 19
Settlement date:	Aug. 26
Agent:	Goldman, Sachs & Co.
Fees:	3.625%
Cusip:	40054KGS9

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