New Issue: GS Finance sells $600,000 index-linked notes on Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, June 2 – GS Finance Corp. priced $600,000 of 0% index-linked notes due May 30, 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 worse-performing index gains or finishes flat, the payout will be par plus the lesser of the return of the lesser performing index and 37.5%.

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:	$600,000
Maturity:	May 30, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If worse-performing index gains or finishes flat, par plus lesser of return of lesser performing index and 37.5%; if either 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:	4.475%
Cusip:	40057E6V4

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