New Issue: GS Finance sells $3.42 million leveraged buffered notes on index basket

By Sarah Lizee

Olympia, Wash., Sept. 25 – GS Finance Corp. priced $3.42 million of 0% leveraged buffered notes due Sept. 23, 2021 linked to an index basket, 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 27% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.

The payout at maturity will be par plus 300% of any basket gain, up to a maximum settlement amount of $1,663 per $1,000 of notes.

Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered notes
Underlying basket:	Euro Stoxx 50 (36% weight), Topix (27% weight), FTSE 100 (20% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
Amount:	$3.42 million
Maturity:	Sept. 23, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any basket gain, capped at $1,663 per $1,000 of notes; par if the basket falls by up to 15%; 1.1765% loss for every 1% decline beyond 15%
Initial levels:	3,403.12 for Euro Stoxx, 1,787.60 for Topix, 7,367.32 for FTSE, 9,000.81 for Swiss Market, 6,169.452 for S&P/ASX
Pricing date:	Sept. 20
Settlement date:	Sept. 27
Underwriter:	Goldman Sachs & Co.
Fees:	2.425%
Cusip:	40055QZB1

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