New Issue: GS Finance sells $3.86 million leveraged buffered notes tied to S&P 500

By Marisa Wong

Morgantown, W.Va., Jan. 9 – GS Finance Corp. priced $3.86 million of 0% leveraged buffered index-linked notes due Jan. 7, 2021 tied 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 plus 200% of the index return, subject to a maximum payment of $1,262 per $1,000 principal amount. Investors will receive par if the index falls by up to 20% and lose 1.25% for every 1% decline in the index beyond 20%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered notes
Underlying index:	S&P 500
Amount:	$3,859,000
Maturity:	Jan. 7, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to maximum payment of $1,262 per $1,000 principal amount; par if index falls by up to 20%; 1.25% loss for every 1% decline in index beyond 20%
Initial index level:	2,695.81
Pricing date:	Jan. 2
Settlement date:	Jan. 5
Underwriter:	Goldman, Sachs & Co.
Fees:	0.5%
Cusip:	40055ABT3

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