New Issue: GS Finance sells $1.43 million index-linked notes on Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, March 26 – GS Finance Corp. priced $1.43 million of 0% index-linked notes due Sept. 21, 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, capped at par plus 100%.

If either index declines by up to 17.5%, the payout will be par plus absolute value of return of lesser performing index.

If either index declines by more than 17.5%, investors will lose 1% for every 1% decline of the lesser performing index beyond 17.5%.

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:	$1,429,000
Maturity:	Sept. 21, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus return of lesser performing index, capped at par plus 100%; if either index declines by up to 17.5%, par plus absolute value of return of lesser performing index; if either index declines by more than 17.5%, 1% loss for every 1% decline of the lesser performing index beyond 17.5%
Initial levels:	1,037.416 for Russell, 2,386.13 for S&P
Pricing date:	March 16
Settlement date:	March 19
Agent:	Goldman Sachs & Co. LLC
Fees:	0.855%
Cusip:	40056YU93

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