New Issue: GS Finance prices $2.02 million leveraged buffered notes tied to basket

By Sarah Lizee

Olympia, Wash., Jan. 25 – GS Finance Corp. priced $2.02 million of 0% leveraged buffered notes due April 28, 2020 linked to a basket of indexes and ETFs, 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 42% weight, the iShares MSCI EAFE ETF with a 25% weight, the Russell 2000 index with a 18% weight and the iShares MSCI Emerging Markets ETF with a 15% weight.

The payout at maturity will be par plus 1.5 times any basket gain up to a maximum payout of $1,134 per $1,000 principal amount.

Investors will receive par if the basket falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

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 (42% weight), iShares MSCI EAFE ETF (25% weight), Russell 2000 index (18% weight) and iShares MSCI Emerging Markets ETF (15% weight)
Amount:	$2,017,000
Maturity:	April 28, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any basket gain up to a maximum payout of $1,134 per $1,000 principal amount; par if the basket falls by up to 10%; 1% loss for every 1% decline beyond 10%
Initial levels:	2,638.70 for S&P, $61.40 for EAFE ETF, 1,454.255 for Russell, $41.25 for EM ETF
Pricing date:	Jan. 23
Settlement date:	Jan. 28
Underwriter:	Goldman Sachs & Co.
Fees:	0.7%
Cusip:	40056EU55

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