New Issue: GS Finance sells $435,000 index-linked notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Feb. 19 – GS Finance Corp. priced $435,000 of 0% index-linked notes due Aug. 14, 2023 linked to the lesser 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.

If the final level of each index is zero or positive, the payout at maturity will be par plus the return of the lesser performing index up to 46%.

If either index falls but the return of each index is at least negative 15%, the payout will be par.

If either index falls by more than 15%, investors will be exposed to the decline of the lesser-performing index beyond 15%.

Goldman, Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$435,000
Maturity:	Aug. 14, 2023
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the final level of each index is zero or positive, par plus return of the lesser performing index up to 46%; if either index falls but the return of each index is at least negative 15%, par; if either index falls by more than 15%, investors will be exposed to the decline of the worse performing index beyond 15%
Initial index levels:	3,911.23 for S&P and 2,298.998 for Russell
Pricing date:	Feb. 9
Settlement date:	Feb. 12
Underwriter:	Goldman, Sachs & Co.
Fees:	1.375%
Cusip:	40057FAQ7

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