New Issue: GS Finance sells $300,000 commodity-linked notes tied to nickel

By Marisa Wong

Morgantown, W.Va., June 11 – GS Finance Corp. priced $300,000 of 0% commodity-linked notes due May 24, 2021 tied to the London Metal Exchange official price, in U.S. dollars, per metric tonne for primary nickel, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the final price is greater than the initial price, the payout at maturity will par plus the gain, capped at 18%. Investors will be exposed to losses up to 10%.

Goldman Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Commodity-linked notes
Underlying asset:	London Metal Exchange official price, in U.S. dollars, per metric tonne for primary nickel
Amount:	$300,000
Maturity:	May 24, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain in commodity price, capped at 18%; exposure to losses up to 10%
Initial price:	$12,215
Pricing date:	May 16
Settlement date:	May 23
Underwriter:	Goldman Sachs & Co.
Fees:	0.175%
Cusip:	40056FJ89

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