New Issue: GS Finance sells $1.38 million leveraged equity-linked notes on Wells Fargo

By Wendy Van Sickle

Columbus, Ohio, March 26 – GS Finance Corp. priced $1.38 million of 0% leveraged equity-linked notes due March 22, 2023 tied to the common stock of Wells Fargo & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the stock return is positive, the payout at maturity will be par plus 300% of the stock gain, subject to a maximum return of $3,400 per $1,000 principal amount. If the stock finishes flat or falls by up to 15%, the payout will be par. Otherwise, investors will be fully exposed to the loss.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged equity-linked notes
Underlying stock:	Wells Fargo & Co.
Amount:	$1,375,000
Maturity:	March 22, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If stock return is positive, par plus 300% of the stock gain, return capped at $3,400 per $1,000 principal amount; if stock return is zero or falls by up to 15%, par; full exposure to loss if stock falls by more than 15%
Initial price:	$29.63
Pricing date:	March 17
Settlement date:	March 20
Underwriter:	Goldman, Sachs & Co.
Fees:	0.9%
Cusip:	40056YUW2

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