New Issue: GS Finance sells $343,000 index-linked notes on Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, Sept. 30 – GS Finance Corp. priced $343,000 of 0% index-linked notes due Sept. 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 above its initial level, the payout will be par plus the return of the lesser performing index, capped at 75%.

If either index falls by up to 15%, 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 beyond 15%.

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:	$343,000
Maturity:	Sept. 30, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes above its initial level, par plus return of lesser performing index, capped at 75%; if either index falls by up to 15%, par plus absolute value of return of lesser performing index; 1% loss for every 1% decline of lesser performing index beyond 15%
Initial index levels:	1,474.908 for Russell, 3,298.46 for S&P
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	Goldman Sachs & Co. LLC
Fees:	4.39%
Cusip:	40057CTU5

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