New Issue: GS Finance prices $2 million leveraged notes tied to index basket

By Sarah Lizee

Olympia, Wash., July 20 – GS Finance Corp. priced $2 million of 0% leveraged notes due Jan. 18, 2024 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with a 11% weight and the S&P/ASX 200 index with an 8% weight.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the basket return is positive, the payout at maturity will be par plus 2 times the basket return, capped at $1,600 per $1,000 of notes.

If the basket decline, the payout will be par plus the return of the basket with full exposure to the decline.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged notes
Underlying indexes:	Euro Stoxx 50 (36% weight), Topix (29% weight), FTSE 100 (16% weight), Swiss Market (11% weight), S&P/ASX 200 (8% weight)
Amount:	$2 million
Maturity:	Jan. 18, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 2 times the basket return, capped at $1,600 per $1,000 of notes; otherwise, par plus the return of the basket with full exposure to the decline
Initial levels:	3,365.35 for Euro Stoxx, 6,250.69 for FTSE, 1,579.06 for Topix, 10,433.43 for Swiss Market, 6,010.864 for S&P/ASX
Pricing date:	July 16
Settlement date:	July 21
Agent:	Goldman Sachs & Co. LLC
Fees:	3.05%
Cusip:	40057CGB1

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