New Issue: GS Finance sells $1.28 million index-linked notes on Russell, S&P

By Sarah Lizee

Olympia, Wash., June 1 – GS Finance Corp. priced $1.28 million of 0% index-linked notes due June 1, 2023 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 worse-performing index gains or finishes flat, the payout will be par plus 1.38 times the return of the lesser performing index.

If any index falls by up to 30%, the payout will be par.

Otherwise, investors will be fully exposed to the loss of the worse-performing index.

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:	$1,276,000
Maturity:	June 1, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If worse-performing index gains or finishes flat, par plus 1.38 times return of lesser performing index; if any index falls by up to 30%, par; otherwise, investors will be fully exposed to the loss of the worse-performing index
Initial levels:	1,393.074 for Russell, 2,991.77 for S&P
Barrier levels:	70% of initial levels
Pricing date:	May 26
Settlement date:	May 29
Agent:	Goldman Sachs & Co. LLC
Fees:	1.45%
Cusip:	40057C3L3

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