New Issue: GS Finance prices $851,000 index-linked notes on Russell, S&P

Chicago, Feb. 9 – GS Finance Corp. priced $851,000 of 0% index-linked notes due April 21, 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 1.475 times the return of the lesser performing index.

If the least performing index falls by up to 30%, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the worst performing index.

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:	$851,000
Maturity:	April 21, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus 1.475 times the return of the lesser performing index; if any index falls but the final underlier level of each is greater than or equal to the barrier level, par; otherwise, full exposure to decline of the worst performing index
Initial levels:	2,262.67 for Russell, 4,185.47 for S&P
Barrier levels:	70% of initial levels
Pricing date:	April 16
Settlement date:	April 21
Agent:	Goldman Sachs & Co. LLC
Fees:	0.5%
Cusip:	40057FYF5

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