New Issue: Goldman Sachs prices $16.99 million leveraged notes linked to oil and gas ETF

By Angela McDaniels

Tacoma, Wash., Jan. 30 – Goldman Sachs Group, Inc. priced $16.99 million of 0% leveraged notes due May 3, 2017 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 200% of the ETF return, subject to a maximum payment of $1,623 per $1,000 principal amount of notes. If the index return is negative, investors will have one-to-one exposure to the decline.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Leveraged notes
Underlying ETF:	SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$16,993,000
Maturity:	May 3, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus 200% of ETF return, subject to maximum payment of $1,623 per $1,000 principal amount of notes; if index return is negative, one-to-one exposure to decline
Initial share price:	$44.83
Pricing date:	Jan. 28
Settlement date:	Feb. 4
Underwriter:	Goldman Sachs & Co.
Fees:	1.645%
Cusip:	38148L437

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