New Issue: GS Finance sells $1.51 million leveraged notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., April 3 – GS Finance Corp. priced $1.51 million of 0% leveraged index-linked notes due March 31, 2022 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 zero or positive, the payout at maturity will be par plus 114% of the index return. If the index falls by up to 30%, the payout will be par plus the absolute value of the index return. If the index falls by more than 30%, investors will be fully exposed to the decline.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged index-linked notes
Underlying index:	S&P 500
Amount:	$1,505,000
Maturity:	March 31, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is zero or positive, par plus 114% of the index return; if the index falls by up to 30%, par plus the absolute value of the index return; if the index falls by more than 30%, investors will be fully exposed to the decline
Initial index level:	2,343.98
Pricing date:	March 24
Settlement date:	March 31
Underwriter:	Goldman, Sachs & Co.
Fees:	3.35%
Cusip:	40054L2X1

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