New Issue: GS Finance sells $3.68 million leveraged index-linked notes on S&P 500

By William Gullotti

Buffalo, N.Y., March 10 – GS Finance Corp. priced $3.68 million of 0% leveraged index-linked notes due March 4, 2027 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 150% of the index return, capped at par plus 70.75%.

Investors will receive par if the index declines by no more than 20% and be fully exposed to decline if it declines beyond 20%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Issue:	Leveraged index-linked notes
Underlying index:	S&P 500 index
Amount:	$3,684,000
Maturity:	March 4, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, par plus 150% of the index return, capped at par plus 70.75%; par if index falls by no more than 20%; otherwise, 1% loss for every 1% decline from initial level
Initial index level:	3,951.39
Trigger level:	80% of initial level
Pricing date:	March 1
Settlement date:	March 6
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.8%
Cusip:	40057PV41

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