New Issue: GS Finance sells $1.68 million index-linked notes on Russell, S&P

By Sarah Lizee

Olympia, Wash., Aug. 28 – GS Finance Corp. priced $1.68 million of 0% index-linked notes due Aug. 29, 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 par plus 110% of the return of the lesser performing index.

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

Otherwise, investors will lose 1% for every 1% decline of the lesser performing index.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Russell 2000, S&P 500
Amount:	$1.68 million
Maturity:	Aug. 29, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 110% of the return of the lesser performing index; if either index falls by up to 30%, par plus the absolute value of the return of the lesser performing index; otherwise, 1% loss for every 1% decline of the lesser performing index
Initial index levels:	1,560.193 for Russell, 3,478.73 for S&P
Barrier levels:	70% of initial levels
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agent:	Goldman Sachs & Co. LLC
Fees:	4.12%
Cusip:	40057CJ85

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