New Issue: GS Finance sells $2.46 million index-linked notes on Nasdaq, Dow, Russell

By Kiku Steinfeld

Chicago, May 19 – GS Finance Corp. priced $2.46 million of 0% index-linked notes due April 30, 2026 tied to the Nasdaq-100 index, the Dow Jones industrial average 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 each index closes at or above its initial level, the payout at maturity will be par plus 1.334 times the return of the lesser performing index.

If any index falls by up to 40%, the payout at maturity will be par plus the lesser performing index return.

If any index falls by more than 40%, investors will be exposed to any losses of the least-performing index.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Nasdaq-100, Dow Jones industrial average, Russell 2000
Amount:	$2,463,000
Maturity:	April 30, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above initial level, par plus 1.334 times return of lesser performing index; if any index falls by up to 40%, par; if any index falls by more than 40%, par plus return of lesser performing index, with full exposure to losses
Initial index levels:	33,984.93 for Dow, 13,960.28 Nasdaq and 2,301.267 for Russell
Trigger buffer levels:	60% of initial levels
Pricing date:	April 27
Settlement date:	April 30
Agent:	Goldman Sachs & Co. LLC
Fees:	4.125%
Cusip:	40057H3J7

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