New Issue: GS Finance prices $10.65 million dual directional trigger PLUS linked to Russell 2000

By Wendy Van Sickle

Columbus, Ohio, March 29 – GS Finance Corp. priced $10.65 million of 0% dual directional trigger PLUS due June 27, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return subject to a maximum return of par plus 15.65%. Investors will receive a 1% gain for each 1% loss if the index declines but finishes above the trigger level and they will lose 1% for every 1% decline if the index ends below its trigger level.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Dual directional trigger PLUS
Underlying index:	Russell 2000 index
Amount:	$10,654,670
Maturity:	June 27, 2024
Coupon:	0%
Price:	100.00% of the principal amount
Payout at maturity:	If index return is positive, par plus 200% of index return subject to a maximum return of par plus 15.65%; 1% gain for each 1% loss if index declines but ends above trigger level; full exposure to loss if index ends below trigger level
Initial level:	1,727.358
Trigger level:	1,381.8864, 80% of initial level
Upside leverage:	200%
Cap:	15.65%
Pricing date:	March 22
Settlement date:	March 27
Agent:	Goldman Sachs & Co. LLC
Fees:	2.25%
Cusip:	36265J318

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