New Issue: GS Finance sells $239,000 index-linked notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Dec. 10 – GS Finance Corp. priced $239,000 of 0% index-linked notes due May 30, 2023 tied to the least performing of 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 two times the lesser performing index return, capped at par plus 19%, if each index finishes at or above its initial level. If either index falls but not below 85% of its initial level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the least performing index declines beyond 15%.

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 index and the Russell 2000 index
Amount:	$239,000
Maturity:	May 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times lesser performing index return, capped at par plus 19%, if each index finishes at or above its initial level; par if either index falls but not below 85% of its initial level; otherwise, 1% loss for every 1% decline of least performing index beyond 15%
Initial levels:	3,635.41 for S&P and 1,853.532 for Russell
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Agent:	Goldman Sachs & Co. LLC
Fees:	2.925%
Cusip:	40057EJR9

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