New Issue: GS Finance sells $397,000 index-linked notes on Dow, S&P

By Kiku Steinfeld

Chicago, Dec. 15 – GS Finance Corp. priced $397,000 of 0% index-linked notes due April 22, 2027 tied to the S&P 500 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.

If each index finishes at or above its initial level, the payout will be par plus 114.75% of the return of the lesser performing index, capped at 75%.

If either index declines by up to 15%, the payout will be par.

Otherwise, investors will be exposed to the losses of the worst performing index beyond 15%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	S&P 500, Dow Jones industrial average
Amount:	$397,000
Maturity:	April 22, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If each index closes at or above its initial level, par plus 114.75% of the return of the lesser performing index, capped at 75%; if either index declines by up to 15%, par; otherwise, investors will be exposed to the losses of the worst performing index beyond 15%
Initial index levels:	34,411.69 for Dow, 4,391.69for S&P
Buffer levels:	85% of initial levels
Pricing date:	April 18
Settlement date:	April 21
Agent:	Goldman Sachs & Co. LLC
Fees:	4.125%
Cusip:	40057LRV5

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