New Issue: GS Finance sells $2.46 million index-linked notes tied to S&P, Russell

By Sarah Lizee

Olympia, Wash., Nov. 5 – GS Finance Corp. priced $2.46 million of 0% index-linked notes due Nov. 3, 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.

If each index return is zero or positive, the payout at maturity will par plus 1.5 times the laggard index return.

If the laggard index falls by up to 50%, the payout will be par.

If the laggard index falls by more than 50%, investors will be fully exposed to the decline of the laggard 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 index, Russell 2000 index
Amount:	$2,459,000
Maturity:	Nov. 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If laggard index return is zero or positive, par 1.5 times laggard index return; if laggard index falls by up to 50%, par; otherwise, full exposure to losses of laggard index
Initial values:	2,711.74 for S&P, 1,511.413 for Russell
Pricing date:	Oct. 31
Settlement date:	Nov. 5
Underwriter:	Goldman Sachs & Co.
Fees:	1.23%
Cusip:	40056E6C7

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