New Issue: GS Finance sells $1.74 million leveraged notes linked to the Dow

By Marisa Wong

Morgantown, W.Va., April 3 – GS Finance Corp. priced $1.74 million of 0% leveraged index-linked notes due March 30, 2023 tied 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 zero or positive, the payout at maturity will be par plus 120% 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:	Dow Jones industrial average
Amount:	$1,739,000
Maturity:	March 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is zero or positive, par plus 120% 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:	20,550.98
Pricing date:	March 27
Settlement date:	March 30
Underwriter:	Goldman, Sachs & Co.
Fees:	4.375%
Cusip:	40054KZ74

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