New Issue: GS Finance sells $196,000 index-linked notes on S&P 500, Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Feb. 28 – GS Finance Corp. priced $196,000 of 0% index-linked notes due Aug. 23, 2023 linked to the lesser performing of 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.

If the return of each index is zero or positive, the payout at maturity will be par plus 1.2 times the return of the lesser performing index.

If either index falls but the return of each index is at least negative 30%, the payout will be par plus the absolute value of the return of the laggard index.

If either index falls by more than 30%, investors will be fully exposed to the decline of the worse performing index.

Goldman, Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$196,000
Maturity:	Aug. 23, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus 1.2 times the return of the lesser performing index; if either index falls but the return of each index is at least negative 70%, par plus absolute value of return of laggard index; if either index falls by more than 30%, investors will be fully exposed to the decline of the worse performing index
Initial index levels:	2,703.96 for S&P and 1,529.987 for Russell
Pricing date:	Feb. 22
Settlement date:	Feb. 27
Underwriter:	Goldman, Sachs & Co.
Fees:	0.9%
Cusip:	40055AJM0

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