New Issue: GS Finance sells $1.27 million index-linked notes on Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, March 10 – GS Finance Corp. priced $1.27 million of 0% index-linked notes due March 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 return of the lesser-performing index, subject to a maximum payout of $1,200 per $1,000 note.

If the lesser performing index falls by up to 15%, investors will receive par plus the absolute value of its return. Investors will lose 1% for each 1% loss if the lesser performing index declines by more than 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:	$1,266,000
Maturity:	March 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above initial level, par plus the return of the lesser-performing index, subject to a maximum payout of $1,200 per $1,000 note; 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 if it falls by more than 15%
Initial levels:	1,476.431 for Russell, 2,954.22 for S&P
Pricing date:	Feb. 28
Settlement date:	March 4
Agent:	Goldman Sachs & Co. LLC
Fees:	0.83%
Cusip:	40056YFD1

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