New Issue: GS Finance sells $10.92 million leveraged notes on stocks, gold trust

By Wendy Van Sickle

Columbus, Ohio, March 8 – GS Finance Corp. priced $10.92 million of 0% underlier-linked notes due March 7, 2024 linked to the common stock of Franco-Nevada Corp., the common stock of Wheaton Precious Metals Corp. and the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each underlier finishes at or above its initial value, the payout at maturity will be par plus 3.5 times the return of the least-performing underlier up to a maximum of $3,730 per $1,000 note.

If any underlier falls but none falls by more than 26%, the payout will be par.

Otherwise, investors will lose 1% for each 1% that the least-performing underlier declines.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Underlier-linked notes
Underlying assets:	Franco-Nevada Corp., Wheaton Precious Metals Corp., SPDR Gold Trust
Amount:	$10,922,000
Maturity:	March 7, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 3.5 times any gain in least-performing underlier up to a maximum of $3,730 per $1,000 note; par if any underlier falls but none falls by more than 26%; otherwise, 1% loss for every 1% decline in least-performing underlier
Initial values:	$179.73 for gold trust, $45.31 for Wheaton. $151.24 for Franco-Nevada
Pricing date:	March 3
Settlement date:	March 8
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0%
Cusip:	40057LFH9

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