New Issue: GS Finance sells $2 million index-linked notes on Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, July 21 – GS Finance Corp. priced $2 million of 0% index-linked notes due June 1, 2026 tied to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout will be par plus 1.2 times the lesser-performing index’s return up to par plus 20%.

If the lesser-performing index falls by up to 40%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline of the lesser-performing index.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Russell 2000 index, S&P 500 index
Amount:	$1,996,000
Maturity:	June 1, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 1.2 times the lesser-performing index’s return up to par plus 20%; if the lesser-performing index falls by up to 40%, par; otherwise, 1% loss for every 1% decline of the lesser-performing index
Initial index levels:	2,273.073 for Russell and 4,200.88 for S&P
Pricing date:	May 27
Settlement date:	June 2
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.66%
Cusip:	40057H5D8

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