New Issue: GS Finance sells $437,000 index-linked notes on Russell, S&P

By Kiku Steinfeld

Chicago, Sept. 16 – GS Finance Corp. priced $437,000 of 0% index-linked notes due June 30, 2026 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 worse-performing index gains or finishes flat, the payout will be par plus 1.1 times the return of the worse-performing index, capped at 50%.

If any index falls by up to 15%, the payout will be par plus the absolute value of the return of the worse-performing index.

Otherwise, investors will lose 1% for every 1% that the worse-performing index falls beyond 15%.

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:	$437,000
Maturity:	June 30, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If worse-performing index gains or finishes flat, par plus 1.1 times return of worse-performing index, capped at 50%; if any index falls by up to 15%, par plus the absolute value of the return of the worse-performing index; otherwise, exposure to decline of worse-performing index beyond 15%
Initial levels:	2,334.396 for Russell, 4,280.70 for S&P
Buffer levels:	85% of initial levels
Pricing date:	June 25
Settlement date:	June 30
Agent:	Goldman Sachs & Co. LLC
Fees:	3.79%
Cusip:	40057HGE4

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