New Issue: GS Finance prices $2 million commodity-linked notes on basket

By William Gullotti

Buffalo, N.Y., Oct. 25– GS Finance Corp. priced $2 million of 0% commodity-linked notes due Oct. 22, 2025 linked to the performance of an equally-weighted basket of eight commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of U.S. Dollar LBMA Gold Price PM, ICE Brent Crude futures contract, natural gas futures contract, corn futures contract, soybean futures contract, wheat futures contracts, copper and zinc.

The payout at maturity will be par plus 1.43 times the basket return, subject to a floor of par.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent with UBS Financial Services Inc. as selling agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Basket commodity-linked notes
Underlying assets:	U.S. Dollar LBMA Gold Price PM, ICE Brent Crude futures contract, natural gas futures contract, corn futures contract, soybean futures contract, wheat futures contracts, copper, zinc; equal weights
Amount:	$2 million
Maturity:	Oct. 22, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.43 times basket return with floor of par
Initial prices:	$1,631.70 for LBMA, $92.41 for Brent, $5.462 for natural gas, $6.7825 for corn, $13.725 for soybeans, $8.4125 for wheat, $7,420.00 for copper, $2,890.00 for zinc
Pricing date:	Oct. 19
Settlement date:	Oct. 21
Agent:	Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
Fees:	3%
Cusip:	40057MVD8

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