New Issue: GS Finance sells $800,000 leveraged notes on basket of indexes, fund

By Sarah Lizee

Olympia, Wash., July 16 – GS Finance Corp. priced $800,000 of 0% leveraged notes due July 17, 2023 linked to a basket of indexes and a fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The basket consists of the S&P 500 index with a 40% weight, the Russell 2000 index with a 20% weight, the Euro Stoxx 50 index with a 20% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 20% weight.

The payout at maturity will be par plus 145% of any basket gain.

Investors will receive par if the basket falls by up to 40% and will lose 1% for each 1% decline beyond 40%.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged notes
Underlying assets:	S&P 500 with a 40% weight, Russell 2000 with a 20% weight, Euro Stoxx 50 with a 20% weight and iShares MSCI Emerging Markets with a 20% weight
Amount:	$800,000
Maturity:	July 17, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 145% of any basket gain; par if the basket falls by up to 40%; 1% loss for each 1% decline beyond 40%
Initial levels:	2,798.29 for S&P 500, 1,690.277 for Russell 2000, 3,445.49 for Euro Stoxx 50 and $43.82 for iShares MSCI Emerging Markets
Pricing date:	July 12
Settlement date:	July 17
Underwriter:	Goldman Sachs & Co.
Fees:	1.775%
Cusip:	40055QJJ2

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