New Issue: GS Finance sells $1.42 million leveraged buffered basket notes on 24 energy stocks

By Marisa Wong

Los Angeles, March 1 – GS Finance Corp. priced $1.42 million of 0% leveraged buffered notes due Feb. 13, 2023 linked a basket of common shares or ordinary shares of 24 companies, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The roughly equally weighted basket stocks are Apache Corp. with a 4.17% weight, Baker Hughes Co. with a 4.17% weight, Cabot Oil & Gas Corp. with a 4.17% weight, Chevron Corp. with a 4.17% weight, ConocoPhillips with a 4.16% weight, Devon Energy Corp. with a 4.16% weight, Diamondback Energy, Inc. with a 4.16% weight, EOG Resources, Inc. with a 4.17% weight, Exxon Mobil Corp. with a 4.16% weight, Halliburton Co. with a 4.17% weight, Hess Corp. with a 4.16% weight, HollyFrontier Corp. with a 4.17% weight, Kinder Morgan, Inc. with a 4.17% weight, Marathon Oil Corp. with a 4.17% weight, Marathon Petroleum Corp. with a 4.17% weight, NOV Inc. with a 4.16% weight, Occidental Petroleum Corp. with a 4.17% weight, Oneok, Inc. with a 4.16% weight, Phillips 66 with a 4.17% weight, Pioneer Natural Resources Co. with a 4.17% weight, Schlumberger Ltd. with a 4.17% weight, TechnipFMC plc with a 4.17% weight, Valero Energy Corp. with a 4.17% weight and Williams Cos., Inc. with a 4.16% weight.

If the basket return is positive, the payout at maturity will be par plus 2 times the gain, subject to a maximum settlement amount of $1,560 per $1,000 of notes.

If the basket finishes flat or falls by up to 10%, the payout will be par. Otherwise, investors will lose 1.1111% for every 1% basket decline beyond 10%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered notes
Underlying basket:	Apache Corp. (Nasdaq: APA), with a 4.17% weight; Baker Hughes Co. (NYSE: BKR), with a 4.17% weight; Cabot Oil & Gas Corp. (NYSE: COG), with a 4.17% weight; Chevron Corp. (NYSE: CVX), with a 4.17% weight; ConocoPhillips (NYSE: COP), with a 4.16% weight; Devon Energy Corp. (NYSE: DVN), with a 4.16% weight; Diamondback Energy, Inc. (Nasdaq: FANG), with a 4.16% weight; EOG Resources, Inc. (NYSE: EOG), with a 4.17% weight; Exxon Mobil Corp. (NYSE: XOM), with a 4.16% weight; Halliburton Co. (NYSE: HAL), with a 4.17% weight; Hess Corp. (NYSE: HES), with a 4.16% weight; HollyFrontier Corp. (NYSE: HFC), with a 4.17% weight; Kinder Morgan, Inc. (NYSE: KMI), with a 4.17% weight; Marathon Oil Corp. (NYSE: MRO), with a 4.17% weight; Marathon Petroleum Corp. (NYSE: MPC), with a 4.17% weight; NOV Inc. (NYSE: NOV), with a 4.16% weight; Occidental Petroleum Corp. (NYSE: OXY), with a 4.17% weight; Oneok, Inc. (NYSE: OKE), with a 4.16% weight; Phillips 66 (NYSE: PSX), with a 4.17% weight; Pioneer Natural Resources Co. (NYSE: PXD), with a 4.17% weight; Schlumberger Ltd. (NYSE: SLB), with a 4.17% weight; TechnipFMC plc (NYSE: FTI), with a 4.17% weight; Valero Energy Corp. (NYSE: VLO), with a 4.17% weight; and Williams Cos., Inc. (NYSE: WMB), with a 4.16% weight
Amount:	$1.42 million
Maturity:	Feb. 13, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any basket gain, capped at par plus 56%; par if basket finishes flat or falls by up to 10%; 1.1111% loss for every 1% basket decline beyond 10%
Initial prices:	$17.84 for Apache, $22.55 for Baker Hughes, $17.81 for Cabot, $91.48 for Chevron, $46.78 for ConocoPhillips, $18.75 for Devon, $68.93 for Diamondback, $59.41 for EOG, $52.10 for Exxon Mobil, $20.04 for Halliburton, $60.38 for Hess, $31.93 for HollyFrontier, $14.73 for Kinder Morgan, $8.98 for Marathon Oil, $49.48 for Marathon Petroleum, $13.65 for NOV, $25.45 for Occidental, $43.43 for Oneok, $75.79 for Phillips, $133.05 for Pioneer, $25.99 for Schlumberger, $10.62 for TechnipFMC, $64.79 for Valero, $22.50 for Williams
Pricing date:	Feb. 8
Settlement date:	Feb. 11
Agent:	Goldman Sachs & Co. LLC
Fees:	0.425%
Cusip:	40057FGE8

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.