New Issue: GS Finance sells $4.81 million leveraged buffered notes tied to basket

By Sarah Lizee

Olympia, Wash., Nov. 21 – GS Finance Corp. priced $4.81 million of 0% leveraged buffered notes due May 20, 2020 linked to a basket of indexes and an ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The basket consists of the S&P 500 index with a 40% weight, the Euro Stoxx 50 index with a 25% weight, the iShares MSCI Emerging Markets ETF with an 18% weight and the Nikkei 225 index with a 17% weight.

The payout at maturity will be par plus 1.5 times any basket gain up to a maximum settlement amount of $1,210 for each $1,000 of notes.

Investors will receive par if the basket falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered notes
Underlying assets:	S&P 500 index with a 40% weight, Euro Stoxx 50 index with a 25% weight, iShares MSCI Emerging Markets ETF with an 18% weight and Nikkei 225 index with a 17% weight
Amount:	$4.81 million
Maturity:	May 20, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any basket gain, up to maximum settlement amount of $1,210 for each $1,000 of notes; par if the basket falls by up to 15%; 1% loss for every 1% decline beyond 15%
Initial levels:	2,730.20 for S&P, 3,190.31 for Stoxx, $40.82 for ETF, 21,803.62 for Nikkei
Pricing date:	Nov. 15
Settlement date:	Nov. 20
Underwriter:	Goldman Sachs & Co.
Fees:	0.15%
Cusip:	40056EGL6

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