New Issue: GS Finance sells $2.1 million index-linked notes on S&P, Russell

By Taylor Fox

New York, March 18 – GS Finance Corp. priced $2.1 million of 0% index-linked notes due March 12, 2026 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 1.51 times the return of the lesser performing index.

If either index falls but the return of each index is at least negative 30%, the payout will be par.

If either index falls by more than 30%, investors will be exposed to the decline of the lesser-performing index.

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
Amount:	$2,104,000
Maturity:	March 12, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the final level of each index is zero or positive, par plus 1.51 times return of the lesser performing index; if either index falls but the return of each index is at least negative 30%, par; if either index falls by more than 30%, investors will be exposed to the decline of the worse performing index
Initial index levels:	3,841.94 for S&P, 2,192.212 for Russell
Pricing date:	March 5
Settlement date:	March 12
Underwriter:	Goldman, Sachs & Co. LLC
Fees:	0.35%
Cusip:	40057FP73

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