New Issue: GS Finance sells $24.8 million index-linked notes on S&P, Dow

By William Gullotti

Buffalo, N.Y., Nov. 29 – GS Finance Corp. priced $24.8 million of 0% index-linked notes due April 11, 2024 linked to the least performing of 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 the return of each index is zero or positive, the payout at maturity will be par plus the return of the laggard index, capped at par plus 35.73%.

If the least performing index falls by up to 20%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline of the laggard index beyond 20%.

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 index, Dow Jones industrial average
Amount:	$24,799,000
Maturity:	April 11, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus the return of the laggard index, capped at par plus 35.73%; if any index falls but the final underlier level of each is greater than or equal to the 80% trigger buffer level, par; otherwise, investors will lose 1% for every 1% decline of the laggard index beyond 20%
Initial levels:	3,639.66 for S&P, 29,296.79 for Dow
Trigger buffer levels:	80% of initial levels
Pricing date:	Oct. 7
Settlement date:	Oct. 13
Agent:	Goldman Sachs & Co. LLC
Fees:	0.15%
Cusip:	40057N2D8

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