New Issue: GS Finance sells $1.53 million leveraged buffered notes tied to S&P MidCap

By Sarah Lizee

Olympia, Wash., May 2 – GS Finance Corp. priced $1.53 million of 0% leveraged buffered index-linked notes due Nov. 3, 2020 tied to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is positive, the payout at maturity will be par plus 2 times index return, capped at $1,174 for each $1,000 face amount. Investors will receive par if the index falls by up to 10% and lose 1% for every 1% decline in the index beyond 10%.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P MidCap 400
Amount:	$1,525,000
Maturity:	Nov. 3, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 2 times the index return, capped at $1,174 for each $1,000 face amount; par if index falls by up to 10%; 1% loss for every 1% decline in index beyond 10%
Initial index level:	1,970.74
Pricing date:	April 30
Settlement date:	May 3
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.15%
Cusip:	40056FBX2

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