New Issue: GS Finance sells $1.75 million leveraged buffered notes tied to S&P 500

By Marisa Wong

Morgantown, W.Va., May 13 – GS Finance Corp. priced $1.75 million of 0% leveraged buffered index-linked notes due April 30, 2024 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 1.125 times the index gain. 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 underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P 500
Amount:	$1,751,000
Maturity:	April 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 1.125 times the index gain; par if the index falls by up to 15%; 1% loss for every 1% decline in the index beyond 15%
Initial index level:	2,926.17
Pricing date:	April 25
Settlement date:	April 30
Underwriter:	Goldman, Sachs & Co.
Fees:	3.98%
Cusip:	40056F5M3

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