New Issue: GS Finance sells $25,000 index-linked notes on Russell, S&P

Chicago, June 15 – GS Finance Corp. priced $25,000 of 0% index-linked notes due June 4, 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.

At maturity, if both indexes finish above their initial levels the payout will be par plus 1.35 times the return of the worst performer.

If either index declines, but both finish above 70% of their initial levels, the payout will be par.

Otherwise, investors will be fully exposed to the losses of the worst performer.

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:	$25,000
Maturity:	June 4, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.35 times return of worst performer; par if at least one index finishes negative but both finish above trigger buffer level; otherwise, full exposure to losses of worst performer
Initial levels:	1,749.65 for Russell, 4,179.83 for S&P
Trigger buffer levels:	70% of initial levels
Pricing date:	May 31
Settlement date:	June 5
Agent:	Goldman Sachs & Co. LLC
Fees:	0.5%
Cusip:	40057RRB6

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