New Issue: GS Finance prices $168,000 leveraged basket-linked notes

By William Gullotti

Buffalo, N.Y., April 8 – GS Finance Corp. priced $168,000 of 0% leveraged notes due May 4, 2023 linked to an equally-weighted basket of SPDR sector funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Health Care Select Sector SPDR Fund, the Financial Select Sector SPDR Fund and the Technology Select Sector SPDR Fund.

The payout at maturity will be par plus 200% of the basket gain, subject to a maximum payout of par plus 19.5%.

Investors will be fully exposed to any basket decline.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged index-linked notes
Underlying funds:	Health Care Select Sector SPDR Fund, Financial Select Sector SPDR Fund, Technology Select Sector SPDR Fund; equal weights
Amount:	$168,000
Maturity:	May 4, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 200% of the basket gain, up to par plus 19.5%; otherwise, 1% loss for every 1% of basket decline from initial level
Initial levels:	$136.99 for Health, $38.32 for Financial, $158.93 for FTSE
Pricing date:	March 31
Settlement date:	April 5
Agent:	Goldman Sachs & Co. LLC
Fees:	0.75%
Cusip:	40057LBT7

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