New Issue: GS Finance sells $3.10 million leveraged notes linked to MSCI Spain 25/50 stocks

By Marisa Wong

Morgantown, W.Va., Oct. 4 – GS Finance Corp. priced $3,104,000 of 0% leveraged notes due March 29, 2019 linked to an unequally weighted basket of ordinary shares of the 24 Spanish companies included in the MSCI Spain 25/50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par plus 2 times any basket gain, subject to a maximum settlement amount of $1,406 per $1,000 principal amount. Investors will share fully in losses.

The basket includes the following shares with a 5% weight each: Abertis Infraestructuras SA, Aena SA, Amadeus IT Holding SA, Banco Bilbao Vizcaya Argentaria SA, Banco De Sabadell SA, Banco Santander SA, Caixabank SA, Iberdrola SA, Industria de Diseno Textil, SA, Repsol SA and Telefonica SA. It also includes ACS Actividades de Construccion y Servicios SA (4.46% weight), Bankia SA (2.85% weight), Bankinter, SA (3.16% weight), Distribuidora Internacional de Alimentacion SA (2.4% weight), Enagas SA (3.3% weight), Endesa SA (3.74% weight), Ferrovial SA (4.92% weight), Gas Natural SDG SA (4.01% weight), Grifols SA (4.1% weight), International Consolidated Airlines Group SA (3.1% weight), Mapfre SA (2.25% weight), Red Electrica Corporacion SA (4.34% weight) and Siemens Gamesa Renewable Energy SA (2.37% weight).

The basket was composed on Sept. 6 and includes all of the constituents of the index at that time. To determine the initial weight of each stock, the calculation agent began with the weights of the 24 companies in the index as of Sept. 6 and then reweighted each of the stocks so that no stock was weighted in excess of 5% of the basket. For each stock having an initial weight of more than 5%, the excess weight was distributed to each of the other non-capped stocks pro rata according to their initial weights.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged notes
Underlying basket:	Abertis Infraestructuras SA, Aena SA, Amadeus IT Holding SA, Banco Bilbao Vizcaya Argentaria SA, Banco De Sabadell SA, Banco Santander SA, Caixabank SA, Iberdrola SA, Industria de Diseno Textil, SA, Repsol SA and Telefonica SA with 5% weight each; ACS Actividades de Construccion y Servicios SA (4.46% weight), Bankia SA (2.85% weight), Bankinter, SA (3.16% weight), Distribuidora Internacional de Alimentacion SA (2.4% weight), Enagas SA (3.3% weight), Endesa SA (3.74% weight), Ferrovial SA (4.92% weight), Gas Natural SDG SA (4.01% weight), Grifols SA (4.1% weight), International Consolidated Airlines Group SA (3.1% weight), Mapfre SA (2.25% weight), Red Electrica Corporacion SA (4.34% weight) and Siemens Gamesa Renewable Energy SA (2.37% weight)
Amount:	$3,104,000
Maturity:	March 29, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any basket gain, return capped at 40.6%; full exposure to losses
Pricing date:	Sept. 26
Settlement date:	Oct. 3
Underwriter:	Goldman Sachs & Co.
Fees:	1.2%
Cusip:	40054LU36

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