New Issue: GS Finance sells $1.26 million index-linked notes on Dow, Russell, Nasdaq

By Kiku Steinfeld

Chicago, Feb. 17 – GS Finance Corp. priced $1.26 million of 0% index-linked notes due Sept. 9, 2026 tied to the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, 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 1.415 times the return of the worst performer.

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

If any index falls by more than 30%, 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:	Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
Amount:	$1,259,000
Maturity:	Sept. 9, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 1.415 times the return of the worst performer; if any index falls by up to barrier level, par; if any index falls by more than barrier level, investors will be fully exposed to the decline of the least performing index
Initial index levels:	2,292.048 for Russell, 15,652.86 for Nasdaq and 35,369.09 for Dow
Barrier levels:	70% of initial levels
Pricing date:	Sept. 3
Settlement date:	Sept. 9
Agent:	Goldman Sachs & Co. LLC
Fees:	4.125%
Cusip:	40057JH82

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