New Issue: GS Finance sells $742,000 index-linked notes on Russell 2000, S&P 500

By Marisa Wong

Los Angeles, Oct. 12 – GS Finance Corp. priced $742,000 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.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each index finishes at or above its initial level, the payout will be par plus the return of the lesser performing index.

If either index falls but neither falls by more than 47%, the payout will be par.

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

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:	$742,000
Maturity:	Sept. 30, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus return of lesser performing index; if either index falls but neither falls by more than 47%, par; otherwise, 1% loss for every 1% decline of lesser performing index below its initial level
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:	4.475%
Cusip:	40057CXT3

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