New Issue: GS Finance sells $1.56 million leveraged buffered notes on index basket

By Wendy Van Sickle

Columbus, Ohio, Oct. 31 – GS Finance Corp. priced $1.56 million of 0% leveraged buffered notes due Oct. 29, 2020 linked to a basket of indexes, 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 40% weight, the iShares MSCI EAFE exchange-traded fund with a 20% weight, the iShares MSCI Emerging Markets exchange-traded fund with a 15% weight, the Euro Stoxx 50 index with a 15% weight and the Russell 2000 index with a 10% weight.

The payout at maturity will be par plus 1.2 times any basket gain, capped at par plus 25%.

Investors will receive par if the basket falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered notes
Underlying assets:	S&P 500 index (40% weight), iShares MSCI EAFE ETF (20% weight), iShares MSCI Emerging Markets index (15% weight), Euro Stoxx 50 index (15% weight), Russell 2000 index (10% weight)
Amount:	$1,556,000
Maturity:	Oct. 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.2 times any basket gain, capped at par plus 25%; par if the basket falls by up to 15%; 1% loss for every 1% decline beyond 15%
Initial index levels:	2,705.57 for S&P, $61.85 for EAFE, 3,164.4 for Stoxx, $39.12 for Emerging Markets, 1,500.396 for Russell
Pricing date:	Oct. 25
Settlement date:	Oct. 30
Underwriter:	Goldman Sachs & Co.
Fees:	0.4%
Cusip:	40056EC55

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