New Issue: GS Finance prices $3.63 million leveraged notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Aug. 1 – GS Finance Corp. priced $3.63 million of 0% leveraged notes due Oct. 1, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus three times the index return, subject to a maximum settlement amount of $1,112.50 per $1,000 principal amount of notes. If the index return is negative, investors have one-to-one exposure to the index’s decline.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged notes
Underlying index:	S&P 500
Amount:	$3,632,000
Maturity:	Oct. 1, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus three times index return, subject to maximum settlement amount of $1,112.50 per $1,000 principal amount of notes; if index return is negative, one-to-one exposure to index’s decline
Initial level:	3,025.86
Pricing date:	July 26
Settlement date:	July 31
Underwriter:	Goldman Sachs & Co. LLC
Fees:	2.5%
Cusip:	40056FUW3

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