New Issue: GS Finance prices $14.92 million leveraged buffered notes on S&P 500

By Marisa Wong

Morgantown, W.Va., May 24 – GS Finance Corp. priced $14.92 million of 0% leveraged buffered notes due May 20, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is positive, the payout at maturity will be par of $1,000 plus 1.25 times the index gain, subject to a maximum settlement amount of $1,450 per $1,000 of notes. Investors will receive par if the index falls by up to 15% and lose 1% for every 1% decline in the index beyond 15%.

Goldman, Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered notes
Underlying index:	S&P 500
Amount:	$14,916,000
Maturity:	May 20, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 1.25 times the index gain, return capped at 45%; par if index falls by up to 15%; 1% loss for every 1% decline in index beyond 15%
Initial index level:	2,052.32
Pricing date:	May 20
Settlement date:	May 25
Underwriter:	Goldman, Sachs & Co.
Fees:	0.175%
Cusip:	40054KC79

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