New Issue: GS Finance sells $1.15 million index-linked notes on S&P, Russell, Dow

By Sarah Lizee

Olympia, Wash., July 6 – GS Finance Corp. priced $1.15 million of 0% index-linked notes due Dec. 30, 2022 tied to the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, 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 at maturity will be par plus 112% of the least performing index return.

If any index falls by up to 30%, the payout will be par plus the absolute value of the least performing index return.

If any index falls by more than 30%, investors will be fully exposed to the decline of the least performing index.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	S&P 500 index, Russell 2000 index and Dow Jones industrial average
Amount:	$1,154,000
Maturity:	Dec. 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 112% of the least performing index return; if any index falls by up to 30%, par plus the absolute value of the least performing index return; if any index falls by more than 30%, full exposure to the decline of the least performing index
Initial index levels:	3,009.05 for S&P, 1,378.78 for Russell and 25,015.55 for Dow
Barrier levels:	70% of initial levels
Pricing date:	June 26
Settlement date:	July 1
Agent:	Goldman Sachs & Co. LLC
Fees:	0.795%
Cusip:	40057CCC3

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