New Issue: GS Finance sells $6.49 million capped gears linked to index basket

By Wendy Van Sickle

Columbus, Ohio, Nov. 6 – GS Finance Corp. priced $6.49 million of 0% trigger gears due Dec. 31, 2020 linked to an unequally-weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.

If the basket return is greater than zero, the payout at maturity will be par of $10 plus 3 times the basket return.

Investors will be fully exposed to any basket decline.

Goldman Sachs & Co. LLC and UBS Financial Services Inc. are the agents.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Trigger gears
Underlying basket:	Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei Stock Average index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight) and Hang Seng index (5% weight)
Amount:	$6,493,250
Maturity:	Dec. 31, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 3 times any basket gain; full exposure to loss
Initial levels:	3,622.09 for Stoxx, 7,306.26 for FTSE, 22,974.13 for Nikkei, 10,257.69 for Swiss, 6,745.418 for S&P, 26,786.76 for Hang Seng
Pricing date:	Oct. 29
Settlement date:	Oct. 31
Underwriters:	Goldman Sachs & Co. LLC, UBS Financial Services Inc.
Fees:	2.1%
Cusip:	36258L585

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