New Issue: GS Finance sells $5.5 million index-linked notes on Russell, S&P

Kiku Steinfeld

Chicago, July 13 – GS Finance Corp. priced $5.5 million of 0% index-linked notes due June 30, 2022 tied to the Russell 2000 index and the S&P 500 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 above its trigger level –75% of its initial level – on every day during the life of the notes, the payout at maturity will be the maximum settlement amount of $1,102 per each $1,000 of notes.

If any index ever closes below its trigger level but each index finishes at or above its initial level, the payout at maturity will be par.

Otherwise, investors will lose 1% for each 1% decline of the lesser performing index from its initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$5,497,000
Maturity:	June 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its trigger level on every day during life of notes, maximum settlement amount of $1,102 per each $1,000 of notes; par if any index ever closes below its trigger level but each index finishes at or above its initial level; otherwise, full exposure to losses of the lesser performing index
Initial levels:	2,205.750 for Russell, 4,188.13 for S&P
Trigger level:	75% of initial levels
Pricing date:	May 25
Settlement date:	May 28
Agent:	Goldman Sachs & Co. LLC
Fees:	1.93%
Cusip:	40057HCY4

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