New Issue: GS Finance sells $1.35 million index-linked notes on Russell, S&P, Dow

Chicago, Feb. 1 – GS Finance Corp. priced $1.35 million of 0% index-linked notes due April 9, 2027 linked to the least performing of the Russell 2000 index, the S&P 500 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 the return of each index is zero or positive, the payout at maturity will be par plus 1.4 times the return of the least performing index.

If the least performing index falls by up to 20%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the worst performer beyond the 20% buffer.

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, Dow Jones industrial average
Amount:	$1,350,000
Maturity:	April 9, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus 1.4 times 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 buffer level, par; otherwise, lose 1% for every 1% decline of the worst performer beyond buffer
Initial levels:	2,259.153 for Russell, 4,073.94 for S&P, 33,430.24 for Dow
Buffer levels:	80% of initial levels
Pricing date:	April 6
Settlement date:	April 9
Agent:	Goldman Sachs & Co. LLC
Fees:	0.25%
Cusip:	40057FYB4

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