New Issue: GS Finance sells $264,000 index-linked notes on Russell, Nasdaq, Dow

Chicago, May 14 – GS Finance Corp. priced $264,000 of 0% index-linked notes due Jan. 29, 2027 linked to the least performing of the Russell 2000 index, the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the return of each index is zero or positive, the payout at maturity will par plus the least performing index return capped at 81.5%.

Otherwise, investors will be fully exposed to any losses of the worst performing index with a minimum return of $950 per $1,000 note.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Russell 2000 index, Nasdaq-100 index, Dow Jones industrial average
Amount:	$264,000
Maturity:	Jan. 29, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus least performing index capped at 81.5%; otherwise, 1% loss for each 1% decline from initial level up to maximum 5% loss
Initial levels:	1,978.331 for Russell, 17,421.01 for Nasdaq, 38,109.43 for Dow
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agent:	Goldman Sachs & Co. LLC
Fees:	3%
Cusip:	40057XWT8

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