New Issue: GS Finance sells $853,000 leveraged notes on S&P 500 Daily Risk Control

By Sarah Lizee

Olympia, Wash., May 16 – GS Finance Corp. priced $853,000 of 0% leveraged notes due May 19, 2022 linked to the S&P 500 Daily Risk Control 10% USD Excess Return 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 150% of the index return, capped at $1,360 per $1,000 of notes.

If the index declines, the payout will be par plus exposure to the decline, subject to a minimum payout of 95% of par.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged notes
Underlying index:	S&P 500 Daily Risk Control 10% USD Excess Return
Amount:	$853,000
Maturity:	May 19, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 1.5 times the return, capped at $1,360 per $1,000 of notes; otherwise, par plus return of index, subject to minimum payout of 95% of par
Initial level:	195.33
Pricing date:	May 14
Settlement date:	May 17
Agent:	Goldman Sachs & Co. LLC
Fees:	0.5%
Cusip:	40056FH65

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