New Issue: GS Finance sells $1.23 million index-linked notes on Russell, S&P

Chicago, Nov. 1 – GS Finance Corp. priced $1.23 million of 0% index-linked notes due March 4, 2024 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 each index finishes at or above its initial level, the payout at maturity will be par plus the return of the lesser performing index, capped at par plus 34%.

If the lesser performing index finishes below its initial level but at or above its 75% trigger buffer level, the payout will be par plus the absolute value of the return of that index.

Otherwise, investors will be fully exposed to the decline 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:	$1,234,000
Maturity:	March 4, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If both indexes finish above initial levels, par plus return of worst performer capped at par plus 34%; if lesser performing index declines but finishes above trigger buffer level, par plus absolute value of return of that index; otherwise, 1% loss for each 1% decline from initial level
Initial levels:	2,048.089 for Russell, 4,373.94 for S&P
Trigger buffer levels:	75% of initial levels
Pricing date:	Feb. 28
Settlement date:	March 3
Agent:	Goldman Sachs & Co. LLC
Fees:	1.05%
Cusip:	40057KZ63

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