New Issue: GS Finance sells $45,000 index-linked notes on Russell, S&P

By Sarah Lizee

Olympia, Wash., Aug. 7 – GS Finance Corp. priced $45,000 of 0% index-linked notes due July 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.

If each index finishes at or above its initial level, the payout will be $1,300 per $1,000 of notes.

If the lesser performing index falls by up to 35%, the payout will be par plus the absolute value of the return of the lesser performing index.

Investors will lose 1% for every 1% decline of the lesser performing index if it falls by more than 35%.

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:	$45,000
Maturity:	July 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, $1,300 per $1,000 of notes; if the lesser performing index falls by up to 35%, par plus the absolute value of the return of the lesser performing index; 1% loss for every 1% decline of the lesser performing index if it falls by more than 35%
Initial index levels:	1,469.755 for Russell, 3,218.44 for S&P
Barrier levels:	65% of initial levels
Pricing date:	July 28
Settlement date:	July 31
Underwriter:	Goldman Sachs & Co. LLC
Fees:	4.475%
Cusip:	40057CF22

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