New Issue: GS Finance sells $432,000 index-linked notes on Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, April 2 – GS Finance Corp. priced $432,000 of 0% index-linked notes due March 31, 2025 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 52%.

If the lesser-performing index falls by up to 30%, the payout will be par the absolute value of the lesser performing index’s return.

Investors will be exposed to any losses of the worst-performing index if it falls beyond 30%.

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:	$432,000
Maturity:	March 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 52%; if lesser performing index falls by up to 30%, par plus absolute value of its return; otherwise, full exposure to loss
Initial levels:	1,180.319 for Russell, 2,630.07 for S&P
Pricing date:	March 26
Settlement date:	March 31
Agent:	Goldman Sachs & Co. LLC
Fees:	4.24%
Cusip:	40056YPT5

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