New Issue: GS Finance sells $409,000 index-linked notes on Russell, S&P

By Kiku Steinfeld

Chicago, July 6 – GS Finance Corp. priced $409,000 of 0% index-linked notes due June 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.

If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of the lesser-performing index’s return and 35%.

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

Otherwise, investors will be exposed to losses of the lesser performing index.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Russell 2000, S&P 500
Amount:	$409,000
Maturity:	June 30, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the notes are not called and each index finishes above its initial level, par plus the return of the lesser performing index, capped at 35%; if either index either index falls by up to 30%, par plus laggard index return; otherwise, exposure to losses of the lesser performing index
Initial index levels:	1,413.315 for Russell, 3,083.76 for S&P
Pricing date:	June 25
Settlement date:	June 30
Underwriter:	Goldman Sachs & Co. LLC
Fees:	4.475%
Cusip:	40057C4S7

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