New Issue: GS Finance prices $1.05 million index-linked notes on S&P 500

By Marisa Wong

Morgantown, W.Va., May 26 – GS Finance Corp. priced $1.05 million of 0% index-linked notes due May 26, 2023 tied to 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 the index return is zero or positive, the payout at maturity will be the greater of (a) the threshold settlement amount of $1,470 per $1,000 principal amount and (b) par plus the index return.

Investors will receive par if the index falls by up to 30% and lose 1% for every 1% decline below the initial level if the index falls by more than 30%.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500
Amount:	$1,051,000
Maturity:	May 26, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is zero or positive, greater of (a) the threshold settlement amount of $1,470 per $1,000 principal amount and (b) par plus the index return; par if the index falls by up to 30%; 1% loss for every 1% decline below the initial level if the index falls by more than 30%
Initial index level:	2,381.73
Pricing date:	May 19
Settlement date:	May 26
Underwriter:	Goldman Sachs & Co.
Fees:	3.625%
Cusip:	40054LAV6

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