New Issue: GS Finance sells $1.81 million index-linked notes on S&P 500, Russell 2000

By Kiku Steinfeld

Chicago, Nov. 17 – GS Finance Corp. priced $1.81 million of 0% index-linked notes due Aug. 3, 2023 linked to the least 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 zero or positive, the payout at maturity will be par plus the index return, capped at 22%.

If the return of each index is at least 75% of its initial level, the payout at maturity will be par plus the absolute value of the return of the lowest performing index.

Otherwise, investors will be fully exposed to any losses of the worst 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:	S&P 500 index, Russell 2000 index
Amount:	$1.81 million
Maturity:	Aug. 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus index return, capped at 22%; if lowest performing index loses no more than 25%, par plus the absolute value of return of that index; otherwise, full exposure to loss
Initial levels:	4,395.26 for S&P, 2,226.246 for Russell
Pricing date:	July 30
Settlement date:	Aug. 4
Agent:	Goldman Sachs & Co. LLC
Fees:	1.05%
Cusip:	40057HRY8

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