New Issue: GS Finance sells $737,000 index-linked notes on S&P, Dow

By Taylor Fox

Chicago, July 23 – GS Finance Corp. priced $737,000 of 0% index-linked notes due July 24, 2025 tied to the S&P 500 index and the Dow Jones U.S. Select Dividend index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each index finishes at or above its initial level, the payout at maturity will be par plus 0.75 times the least performing index return, capped at $1,200 per $1,000 principal amount of notes.

If either index finishes below the initial underlier level, investors will be exposed to the decline of the least performing index, subject to the minimum payout of $925 per $1,000 principal amount of notes.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	S&P 500 index and Dow Jones U.S. Select Dividend index
Amount:	$737,000
Maturity:	July 24, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, the payout at maturity will be par plus 0.75 times the least performing index return, capped at $1,200 per $1,000 principal amount of notes; if any index falls investors will be exposed to losses of worst performer, subject to a minimum payout of $925 per $1,000 principal amount of notes
Initial index levels:	3,251.84 for S&P and 584.38 for Dow
Pricing date:	July 20
Settlement date:	July 23
Agent:	Goldman Sachs & Co. LLC
Fees:	4.45%
Cusip:	40057CG70

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