New Issue: GS Finance sells $430,000 index-linked notes on S&P, Russell, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, Nov. 3 – GS Finance Corp. priced $430,000 of 0% index-linked notes due Oct. 30, 2025 tied to the least performing of the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par plus the greater of 40% and the least performing index return if each index finishes at or above its initial level. If any index falls but not below 65% of its initial level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the least performing index declines from 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:	S&P 500, Russell 2000, Nasdaq-100
Amount:	$430,000
Maturity:	Oct. 30, 2025
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus the greater of 40% and least performing index return if each index finishes at or above its initial level; par if either any falls but not below 65% of its initial level; otherwise, 1% loss for every 1% decline of least performing index
Initial levels:	1,590.482 for Russell, 3,390.68 for S&P, 11,598.95 for Nasdaq
Pricing date:	Oct. 27
Settlement date:	Oct. 30
Agent:	Goldman Sachs & Co. LLC
Fees:	4.475%
Cusip:	40057EBW6

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