New Issue: GS Finance sells $1.19 million index-linked notes on S&P, Russell

By Taylor Fox

New York, Aug. 25 – GS Finance Corp. priced $1.19 million of 0% index-linked notes due Feb. 26, 2027 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 return of each index is greater than or equal to 80% of the initial level, the payout at maturity will be the greater of $1,285 and the sum of par plus in the lesser performing index return.

If either index falls by more than 20%, investors will be fully exposed to the decline of the worse performing index.

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:	$1,187,000
Maturity:	Feb. 26, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is greater than or equal to 80% of the initial level, the payout at maturity will be the greater of $1,285 and the sum of par plus in the lesser performing index return; if either index falls by more than 20%, investors will be fully exposed to the decline of the worse performing index
Initial index levels:	3,906.71 for S&P and 2,266.689 for Russell
Trigger levels:	80% of initial levels
Pricing date:	Feb. 19
Settlement date:	Feb. 26
Underwriter:	Goldman, Sachs & Co.
Fees:	3.625%
Cusip:	40057FHQ0

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