New Issue: GS Finance prices $3.99 million index-linked notes tied to Nasdaq, S&P

By William Gullotti

Buffalo, N.Y., Dec. 11 – GS Finance Corp. priced $3.99 million of 0% index-linked notes due Dec. 4, 2025 linked to the least performing of the Nasdaq-100 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.

If each index finishes at or above its digital barrier level, 95% of initial level, the payout at maturity will be par plus 21%.

If the worst performer declines by more than 5% but finishes at or above the 80% buffer, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the worst performer beyond 20%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Nasdaq-100 index, S&P 500 index
Amount:	$3,987,000
Maturity:	Dec. 4, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above digital barrier level, par plus 21%; if worst performer falls by more than 5% but finishes at or above buffer level, par otherwise, lose 1% for each 1% decline of laggard index beyond 20%
Initial levels:	15,947.87 for Nasdaq, 4,567.8 for S&P
Digital barrier levels:	95% of initial levels
Buffer levels:	80% of initial levels
Pricing date:	Nov. 30
Settlement date:	Dec. 5
Agent:	Goldman Sachs & Co. LLC
Fees:	0.8%
Cusip:	40057XAW5

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