New Issue: GS Finance sells $2.22 million index-linked notes on Russell, S&P

By William Gullotti

Buffalo, N.Y., Dec. 2 – GS Finance Corp. priced $2.22 million of 0% index-linked notes due Nov. 27, 2026 linked to the least performing of 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 the return of each index is zero or positive, the payout at maturity will be par plus the return of the least performing index.

If the least performing index falls by up to 15%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline of the worst performer 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 index, S&P 500 index
Amount:	$2,223,000
Maturity:	Nov. 27, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus the return of the least performing index; if any index falls but the final underlier level of each is greater than or equal to the 85% trigger buffer level, par; otherwise, investors will lose 1% for every 1% decline of the worst performer below 15%
Initial levels:	2,327.855 for Russell, 4,690.7 for S&P
Trigger buffer levels:	85% of initial levels
Pricing date:	Nov. 23
Settlement date:	Nov. 29
Agent:	Goldman Sachs & Co. LLC
Fees:	4.05%
Cusip:	40057JXK7

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