New Issue: GS Finance prices $2 million leveraged basket-linked notes

By William Gullotti

Buffalo, N.Y., Aug. 10 – GS Finance Corp. priced $2 million of 0% leveraged notes due July 31, 2025 linked to a weighted basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 45% weight, the S&P 500 index with a 25% weight, the iShares MSCI Emerging Markets ETF with a 20% weight and the FTSE 100 index with a 10% weight.

The payout at maturity will be par plus 1.51 times the basket gain, subject to a maximum payout of par plus 55%.

Investors will receive par if the basket finishes flat or falls by up to 25% and will lose 1% for every 1% of decline if it declines more than 25%.

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 basket-linked notes
Underlying assets:	Euro Stoxx 50 index (45%), S&P 500 index (25%), iShares MSCI Emerging Markets ETF (20%), FTSE 100 index (10%)
Amount:	$2 million
Maturity:	July 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 1.51 times basket gain, up to par plus 55%; par if basket finishes flat or declines by up to 25%; 1% loss for every 1% of basket decline from initial level
Initial levels:	4,103.03 for Stoxx, 4,400.64 for S&P, $51.84 for MSCI EM ETF, 7,016.63 for FTSE
Buffer level:	75% of initial level
Pricing date:	July 28
Settlement date:	July 30
Agent:	Goldman Sachs & Co. LLC
Fees:	2.95%
Cusip:	40057J2M7

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