By Wendy Van Sickle
Columbus, Ohio, Oct. 31 – GS Finance Corp. priced $1.04 million of 0% leveraged notes due Oct. 28, 2022 linked to three basket of indexes, each representing different regions, according to a 424B2 filing with the Securities and Exchange Commission.
The best performing basket will be given a 50% weight in the final return. The second best basket will be weighted at 30%, and the final basket will be weighted at 20%.
Each basket contains two indexes, each weighted at 50%.
The U.S. basket consists of the S&P 500 index and the Russell 2000 index. The European basket consists of the Euro Stoxx 50 index and the FTSE 100 index. The Asia-Pacific basket consists of the S&P/ASX index and the Nikkei 225 index.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the weighted basket return is positive, the payout at maturity will be par plus 1.02 times the return.
If the weighted basket return declines by up to 15%, the payout will be par. Otherwise, investors will be exposed to any decline beyond 15%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged notes
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| Underlying baskets: | U.S. basket of the S&P 500 index and the Russell 2000 index; European basket of Euro Stoxx 50 index and FTSE 100 index; Asia-Pacific basket of S&P/ASX index and Nikkei 225 index
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| Weighted return: | 50% for top basket, 30% for second best basket; 20% for remaining basket
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| Amount: | $1,036,000
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| Maturity: | Oct. 28, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If weighted return is positive, par plus 1.02 times the basket return; par if weighted basket return declines but not by more than 15%; exposure to losses beyond 15%
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| Initial levels: | 3,022.55 for S&P, 1,558.708 for Russell, 3,624.68 for Stoxx, 7,324.47 for FTSE; 6,739.221 for S&P/ASX 200; 22,799.81 for Nikkei
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| Pricing date: | Oct. 25
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| Settlement date: | Oct. 30
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| Agent: | Goldman Sachs & Co.
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| Fees: | 1.375%
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| Cusip: | 40056XJB3
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