New Issue: GS Finance prices $7.86 million leveraged basket-linked notes

By William Gullotti

Buffalo, N.Y., Oct. 25 – GS Finance Corp. priced $7.86 million of 0% leveraged notes due Oct. 2, 2023 linked to a weighted basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 40% weight, the iShares MSCI EAFE ETF with a 30% weight, the iShares Russell Mid-Cap ETF with a 20% weight and the iShares Russell 2000 ETF with a 10% weight.

The payout at maturity will be par plus the basket gain, subject to a maximum payout of par plus 26%.

Investors will receive par if the basket finishes flat or falls by up to 20%. Otherwise, investors will be fully exposed to the basket’s decline from its initial level.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged index-linked notes
Underlying assets:	S&P 500 index (40%), iShares MSCI EAFE ETF (30%), iShares Russell Mid-Cap ETF (20%), iShares Russell 2000 ETF (10%)
Amount:	$7,855,000
Maturity:	Oct. 2, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus basket gain, up to par plus 26%; par if basket finishes flat or declines by up to 20%; 1% loss for every 1% of basket decline from initial level
Initial levels:	4,443.11 for S&P, $80.25 for EAFE ETF, $80.75 for Russell Mid-Cap ETF, $226.44 for Russell 2000 ETF
Buffer level:	80% of initial level
Pricing date:	Sept. 27
Settlement date:	Sept. 30
Agent:	Goldman Sachs & Co. LLC
Fees:	0.5%
Cusip:	40057JHV1

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