New Issue: GS Finance sells $310,000 index-linked notes tied to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, May 31 – GS Finance Corp. priced $310,000 of 0% index-linked notes due Feb. 28, 2022 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 final values of both indexes are greater than their initial values, the payout at maturity will be par plus the return of the lesser performing index, up to a maximum payout of par plus 17%.

Otherwise, investors will be exposed to the first 5% of the losses of the lesser performing index.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$310,000
Maturity:	Feb. 28, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If both indexes finish above initial values, par plus index return of lesser performing index up to 17%; if lesser performing index falls, exposure to first 5% of losses
Initial levels:	2,802.39 for S&P and 1,504.019 for Russell
Pricing date:	May 28
Settlement date:	May 31
Underwriter:	Goldman Sachs & Co. LLC
Fees:	2.675%
Cusip:	40056FFN0

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