New Issue: GS Finance prices $1.16 million callable index-linked notes tied to S&P, Russell

By William Gullotti

Buffalo, N.Y., April 3 – GS Finance Corp. priced $1.16 million of 0% callable index-linked notes due Sept. 28, 2026 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes may be called at par plus 10.7508% per year on any monthly call date after six months.

If the notes are not called and each index finishes positive, the payout at maturity will be par plus 500% of the gain of the laggard index.

Investors will receive par if the laggard index falls by no more than 10% and will lose 1% for each 1% that the laggard index declines beyond 10%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Callable index-linked notes
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$1,158,000
Maturity:	Sept. 28, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above initial level, par plus 500% of laggard index’s return; if laggard index declines by no more than 10%, par; otherwise, lose 1% for every 1% decline of laggard index beyond 10%
Call option:	At par plus 10.7508% per year on any monthly call date after six months
Initial levels:	5,241.53 for S&P, 2,098.561 for Russell
Threshold levels:	90% of initial levels
Pricing date:	March 21
Settlement date:	March 26
Agent:	Goldman Sachs & Co. LLC
Fees:	2.75%
Cusip:	40057YQF3

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