New Issue: Goldman Sachs prices $3.91 million notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Nov. 11 – Goldman Sachs Group, Inc. priced $3.91 million of 0% notes due May 17, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus the index return, subject to a maximum settlement amount of $1,100 per $1,000 principal amount of notes. If the index declines by 20% or less, the payout will be par plus the absolute value of the index return. If the index return is less than negative 20%, investors will experience a loss proportionate to the index’s decline.

Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Notes
Underlying index:	S&P 500
Amount:	$3,905,000
Maturity:	May 17, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to initial level, par plus index return, subject to maximum settlement amount of $1,100 per $1,000 principal amount of notes; if index declines by 20% or less, par plus absolute value of index return; if index return is less than negative 20%, 1% loss for every 1% that index declines
Initial index level:	2,099.20
Final index level:	Average of index’s closing levels on five trading days ending May 12, 2017
Pricing date:	Nov. 6
Settlement date:	Nov. 12
Underwriter:	Goldman Sachs & Co.
Agent:	J.P. Morgan Securities LLC
Fees:	1.4%
Cusip:	38148THS1

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