New Issue: GS Finance sells $1.21 million four-year notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., April 10 – GS Finance Corp. priced $1.21 million of 0% index-linked notes due April 1, 2021 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 the greater of par plus the index return and the threshold settlement amount of $1,280 per $1,000 principal amount. Investors will receive par if the index falls by up to 30% and lose 1% for every 1% decline below the initial level if the index falls by more than 30%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Notes
Underlying index:	S&P 500 index
Amount:	$1,205,000
Maturity:	April 1, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is zero or positive, par plus greater of index return and 28%; if index falls by up to 30%, par; otherwise, full exposure to index decline
Initial index level:	2,358.57
Pricing date:	March 28
Settlement date:	March 31
Underwriter:	Goldman, Sachs & Co.
Fees:	1.3%
Cusip:	40054KZ41

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