New Issue: GS Finance sells $1.2 million six-year notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., May 1 – GS Finance Corp. priced $1.2 million of 0% notes due April 28, 2023 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 the threshold settlement amount of $1,500 per $1,000 principal amount and par plus the index return.

Investors will receive par if the index falls by up to 30% and lose 1% for every 1% decline from 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:	Index-linked notes
Underlying index:	S&P 500 index
Amount:	$1,195,000
Maturity:	April 28, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is zero or positive, greater of $1,500 per $1,000 principal amount and par plus index return; par if the index falls by up to 30%; 1% loss for every 1% decline from the initial level if the index falls by more than 30%
Initial index level:	2,348.69
Pricing date:	April 21
Settlement date:	April 28
Underwriter:	Goldman, Sachs & Co.
Fees:	3.625%
Cusip:	40054L4A9

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