New Issue: GS Finance sells $1.27 million contingent coupon notes on Russell, Stoxx

By Wendy Van Sickle

Columbus, Ohio, July 21 – GS Finance Corp. priced $1.27 million of contingent coupon notes due July 24, 2022 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent quarterly coupon of 7.8% per year if each index closes at or above its 70% coupon trigger level on the determination date for that quarter.

The payout at maturity will be par plus the final coupon unless either index falls more than 30%, in which case investors will lose 1% for each 1% decline of the worse performing index.

Goldman Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Contingent coupon notes
Underlying indexes:	Euro Stoxx 50 and Russell 2000
Amount:	$1.27 million
Maturity:	July 24, 2022
Contingent coupon:	Contingent quarterly coupon of 7.8% per year if each component closes at or above 80% coupon trigger level on the determination date for that quarter
Price:	Par
Payout at maturity:	If return of each index is greater than negative 30%, par plus contingent coupon; otherwise 1% loss for each 1% decline of worse-performing index
Initial index levels:	3,500.28 for Euro Stoxx 50 and 1,441.771 for Russell 2000
Coupon trigger levels:	2,450.196 for Euro Stoxx 50 and 1,009.2397 for Russell 2000; 70% of initial levels
Pricing date:	July 19
Settlement date:	July 24
Agent:	Goldman, Sachs & Co.
Fees:	0.6%
Cusip:	40054LL93

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