New Issue: GS Finance sells $650,000 index-linked notes on S&P, Nasdaq, Russell

By Wendy Van Sickle

Columbus, Ohio, Jan. 7 – GS Finance Corp. priced $650,000 of 0% index-linked notes due Dec. 29, 2025 tied to the S&P 500 index, the Russell 2000 index and the Nasdaq-100 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 at maturity will be par plus the greater of 35% and the least-performing index return.

If the least performing index falls by up to 35%, the payout will be par.

Investors will be exposed to the decline of the least performing index if it falls by more than 35%.

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, Nasdaq-100 index, Russell 2000 index
Amount:	$650,000
Maturity:	Dec. 29, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus greater of 35% and least performing index return; if least performing index falls by up to 35%, par; if any index falls by more than 35%, exposure to the decline of the least performing index
Initial index levels:	12,653.14 for Nasdaq, 3,690.01 for S&P, 2,007.104 for Russell
Pricing date:	Dec. 23
Settlement date:	Dec. 29
Agent:	Goldman Sachs & Co. LLC
Fees:	4.46%
Cusip:	40057ERG4

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