New Issue: Goldman prices $500,000 index-linked notes tied to Dow, S&P 500

By Sarah Lizee

Olympia, Wash., Aug. 19 – GS Finance Corp. priced $500,000 of 0% index-linked notes due Aug. 19, 2024 tied to the lesser performing of the Dow Jones industrial average 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 both indexes finish at or above their initial levels, the payout at maturity will be the greater of par plus any gain of the lesser performing index and $1,475 per $1,000 note.

If the lesser performing index falls by up to 40%, investors will receive par.

Investors will be exposed to losses of the lesser performing index if it falls beyond 40%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Issue:	Index-linked notes
Underlying indexes:	Dow Jones industrial average and S&P 500
Amount:	$500,000
Maturity:	Aug. 19, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If both indexes finish at or above their initial levels, greater of par plus any gain of the lesser performing index and $1,475 per $1,000 note; if the lesser performing index falls by up to 40%, par; investors will be exposed to losses of the lesser performing index if it falls beyond 40%
Initial index levels:	25,479.42 for Dow, 2,840.60 for S&P
Pricing date:	Aug. 14
Settlement date:	Aug. 19
Underwriter:	Goldman, Sachs & Co. LLC
Fees:	0.85%
Cusip:	40056X4A1

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