New Issue: GS Finance sells $2.05 million leveraged buffered notes on index, ETF basket

By Wendy Van Sickle

Columbus, Ohio, Sept. 8 – GS Finance Corp. priced $2.05 million of 0% leveraged buffered notes due Sept. 9, 2022 linked to a 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 includes the S&P 500 index with a 60% weight, the Russell 2000 index with a 20% weight, the iShares MSCI ETF with a 10% weight, and the iShares Emerging Markets ETF with a 10% weight.

The payout at maturity will be par plus 110% of any basket gain.

Investors will receive par if the basket declines by 25% or less and will lose 1% for every 1% that it declines beyond 25%.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered notes
Underlying basket:	S&P 500 (60% weight), Russell 2000 (20% weight), iShares MSCI EAFE ETF (10% weight) and iShares MSCI Emerging Markets ETF (10% weight)
Amount:	$2.05 million
Maturity:	Sept. 9, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 110% of basket return; par if basket falls by up to 25%; 1% loss for every 1% decline in basket beyond 25%
Initial levels:	2,465.54 for S&P, 1,402.196 for Russell, $66.95 for EAFE ETF, $44.86 for Emerging Markets ETF
Pricing date:	Sept. 6
Settlement date:	Sept. 11
Underwriter:	Goldman Sachs & Co.
Fees:	1.3%
Cusip:	40054LQ80

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