New Issue: GS Finance issues $1 million of contingent coupon notes on S&P, Russell indexes

By Wendy Van Sickle

Columbus, Ohio, April 26 – GS Finance Corp. priced $1 million of contingent coupon notes due April 28, 2023 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent semiannual coupon of 6.6% if each index closes at or above its 70% barrier level on the determination date for that period.

The payout at maturity will be par plus the final coupon unless either index finishes below its 70% barrier level, in which case investors will lose 1% for each 1% decline of the worse performing index.

Goldman Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Contingent coupon notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1 million
Maturity:	April 28, 2023
Contingent coupon:	Contingent semiannual coupon of 6.6% if each component closes at or above 70% barrier level on the determination date for that period
Price:	Par
Payout at maturity:	If return of each index is greater than negative 30%, par plus contingent coupon; otherwise 1% loss for each 1% decline of worse-performing index
Initial index levels:	2,348.69 for S&P 500 and 1,379.854 for Russell 2000
Barrier levels:	1,644.083 for S&P 500 and 965.8978 for Russell 2000; 70% of initial levels
Pricing date:	April 21
Settlement date:	April 28
Agent:	Goldman, Sachs & Co.
Fees:	3.375%
Cusip:	40054L7L2

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