New Issue: GS Finance sells $1.41 million leveraged buffered notes tied to S&P 500

By Marisa Wong

Morgantown, W.Va., May 7 – GS Finance Corp. priced $1.41 million of 0% leveraged buffered index-linked notes due Oct. 26, 2020 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 positive, the payout at maturity will be par plus 150% of the index return, capped at par plus 10.5%. Investors will receive par if the index falls by up to 20% and lose 1.25% for every 1% decline in the index beyond 20%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P 500
Amount:	$1,405,000
Maturity:	Oct. 26, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 150% of index return, capped at par plus 10.5%; par if index falls by up to 20%; 1.25% loss for every 1% index decline beyond 20%
Initial index level:	2,905.03
Pricing date:	April 18
Settlement date:	April 23
Underwriter:	Goldman, Sachs & Co.
Fees:	0.65%
Cusip:	40056FBE4

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