New Issue: GS Finance sells $300,000 leveraged notes linked to S&P 500 Value

By Marisa Wong

Los Angeles, Oct. 12 – GS Finance Corp. priced $300,000 of 0% leveraged index-linked notes due Sept. 30, 2025 tied to the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index finishes above its initial level, the payout at maturity will be par plus 1.25 times the index return.

If the index finishes flat or falls by up to 25%, the payout will be par. Otherwise, investors will be exposed to any decline below the initial level.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged index-linked notes
Underlying index:	S&P 500 Value index
Amount:	$300,000
Maturity:	Sept. 30, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.25 times any index gain; par if index falls by up to 25%; otherwise, full exposure to any decline below the initial level
Initial index level:	1,094.91
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	Goldman Sachs & Co. LLC
Fees:	2.85%
Cusip:	40057CUU3

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