New Issue: GS Finance sells $930,000 index-linked autocallables on Stoxx, FTSE

By Wendy Van Sickle

Columbus, Ohio, March 30 – GS Finance Corp. priced $930,000 of 0% index-linked notes due March 31, 2025 tied to the lesser performing of the Euro Stoxx 50 index and the FTSE 100 index, 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 13.5% a year if both indexes close above their initial level on any quarterly call date.

The payout at maturity will be par plus 67.5% 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:	Euro Stoxx 50, FTSE 100
Amount:	$930,000
Maturity:	March 31, 2025
Coupon:	0%
Price:	Par of $1,000
Call:	At par plus 13.5% annualized call premium if both indexes close above their initial level on any quarterly call date
Payout at maturity:	Par plus 67.5% 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:	2,485.54 for Stoxx, 4,993.89 for FTSE
Pricing date:	March 23
Settlement date:	March 26
Agent:	Goldman, Sachs & Co. LLC
Fees:	4.45%
Cusip:	40056YRX4

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