New Issue: GS Finance sells $1.03 million index-linked notes on Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, Feb. 11 – GS Finance Corp. priced $1.03 million of 0% index-linked notes due Feb. 3, 2022 tied to the Russell 2000 index 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 each index finishes at or above its initial level, the payout will be par plus the lesser performing index return, up to par plus 18.75%.

If the lesser performing index falls by up to 15%, investors will receive par plus the absolute value of that index’s return. Investors will lose 1% for each 1% loss of any loss of lesser 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:	Russell 2000 and S&P 500
Amount:	$1,026,000
Maturity:	Feb. 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above initial level, par plus lesser performing index return, up to par plus 18.75%; if lesser performing index falls by up to 15%, par plus absolute value of its return; 1% loss for each 1% decline of lesser performing index beyond 15%
Initial levels:	1,614.061 for Russell, 3,225.52 for S&P
Pricing date:	Jan. 31
Settlement date:	Feb. 5
Agent:	Goldman Sachs & Co. LLC
Fees:	0.79%
Cusip:	40056YBT0

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