New Issue: GS Finance sells $899,000 leveraged buffered notes on index basket

By Marisa Wong

Morgantown, W.Va., Dec. 22 – GS Finance Corp. priced $899,000 of 0% leveraged buffered notes due Dec. 22, 2022 linked to a basket of indexes and exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The basket consists of the S&P 500 index with a 50% weight, the Russell 2000 index with a 20% weight, the iShares MSCI EAFE ETF with a 15% weight and the iShares MSCI Emerging Markets ETF with a 15% weight.

If the basket return is positive, the payout at maturity will be par plus 1.2 times the basket gain. Investors will receive par if the basket falls by up to 20% and will lose 1% for every 1% that the basket may decline beyond 20%.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered notes
Underlying basket:	S&P 500 index (50% weight), Russell 2000 index (20% weight), iShares MSCI EAFE ETF (15% weight) and iShares MSCI Emerging Markets ETF (15% weight)
Amount:	$899,000
Maturity:	Dec. 22, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 120% of basket return; par if basket falls by up to 20%; 1% loss for every 1% decline in basket beyond 20%
Initial levels:	2,690.16 for S&P, 1,548.925 for Russell, $70.80 for EAFE and $46.69 for EM
Pricing date:	Dec. 18
Settlement date:	Dec. 21
Underwriter:	Goldman Sachs & Co. LLC
Fees:	1.575%
Cusip:	40055ABH9

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