New Issue: GS Finance sells $878,000 index-linked notes on Nasdaq, S&P, Russell

By Taylor Fox

New York, Nov. 16– GS Finance Corp. priced $878,000 of 0% index-linked notes due Oct. 30, 2025 tied to the lesser performing of the Nasdaq-100 index, 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 the greater of par plus the lesser-performing index’s return and par plus 30%.

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

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

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:	Nasdaq-100 index, Russell 2000 index, S&P 500 index
Amount:	$878,000
Maturity:	Oct. 30, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, greater of par plus the lesser-performing index’s return and par plus 30%; if the lesser-performing index falls by up to 30%, par plus absolute value of return; otherwise, 1% loss for every 1% decline of the lesser-performing index
Initial index levels:	11,598.95 for Nasdaq, 1,590.482 for Russell and 3,390.68 for S&P
Trigger buffer levels:	70% of initial levels
Pricing date:	Oct. 27
Settlement date:	Oct. 30
Underwriter:	Goldman Sachs & Co. LLC
Fees:	4.27%
Cusip:	40057ED38

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