New Issue: GS Finance sells $5.35 million index-linked notes on Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, Feb. 27 – GS Finance Corp. priced $5.35 million of 0% index-linked notes due March 2, 2026 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 1.5 times the lesser performing index return.

If the lesser performing index falls by up to 40%, investors will receive par. Investors will lose 1% for each 1% loss of the lesser performing index if it falls beyond 40%.

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:	$5.35 million
Maturity:	March 2, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above initial level, par plus 1.5 times lesser performing index return; if lesser performing index falls by up to 40%, par plus; 1% loss for each 1% decline if lesser performing index falls beyond 40%
Initial levels:	1,678.609 for Russell, 3,337.75 for S&P
Trigger buffer level:	60% of initial level
Pricing date:	Feb. 21
Settlement date:	Feb. 28
Agent:	Goldman Sachs & Co. LLC
Fees:	3.625%
Cusip:	40056YJD7

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