New Issue: GS Finance sells $500,000 index-linked autocallables on Nasdaq, Dow

By Wendy Van Sickle

Columbus, Ohio, May 7 – GS Finance Corp. priced $500,000 of 0% index-linked notes due May 7, 2025 tied to the lesser performing of 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.

The notes will be called at par plus 9% a year if both indexes close above their initial level on any annual call date.

The payout at maturity will be par plus 45% if each index finishes at or above its initial level. If either index finishes below its initial level but neither index finishes below its 60% trigger level, the payout will be par. Otherwise, investors will be fully exposed to the decline of the lesser performing index.

Goldman, Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked autocallable notes
Underlying indexes:	Nasdaq-100 index, Dow Jones industrial average
Amount:	$500,000
Maturity:	May 7, 2025
Coupon:	0%
Price:	Par of $1,000
Call:	At par plus 9% annualized call premium if both indexes close above their initial level on any annual call date
Payout at maturity:	Par plus 45% if each index finishes at or above its initial level; if either index finishes below its initial level but neither index finishes below 60% trigger level, par; otherwise, full exposure to decline of lesser performing index
Initial levels:	9,000.509 for Nasdaq, 24,345.72 for Dow
Pricing date:	April 30
Settlement date:	May 5
Agent:	Goldman, Sachs & Co. LLC
Fees:	4.45%
Cusip:	40057E5M5

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