New Issue: GS Finance sells $889,000 index-linked notes on S&P, Russell, Dow

By Kiku Steinfeld

Chicago, Jan. 21 – GS Finance Corp. priced $889,000 of 0% index-linked notes due Jan. 5, 2027 tied to the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of the the least performing index’s return and 37.75%.

If any index falls by up to 25%, the payout will be par.

If any index falls by more than 25%, investors will be exposed to the decline of the least 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 and Dow Jones industrial average
Amount:	$889,000
Maturity:	Jan. 5, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus the greater of the least performing index’s return and 37.75%; if any index falls by up to 25%, par; if any index falls by more than 25%, investors will be fully exposed to the decline of the least performing index
Initial index levels:	2,248.793 for Russell, 36,398.08 for Dow and 4,778.73 for S&P
Buffer levels:	75% of initial levels
Pricing date:	Dec. 30
Settlement date:	Jan. 4
Agent:	Goldman Sachs & Co. LLC
Fees:	4.1%
Cusip:	40057KG23

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