New Issue: GS Finance sells $958,000 index-linked notes on Russell, S&P

By Sarah Lizee

Olympia, Wash., Nov. 8 – GS Finance Corp. priced $958,000 of 0% index-linked notes due Nov. 4, 2021 tied to 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.

If each index finishes at or above its initial level, the payout at maturity will be par plus the lesser-performing index return, subject to the maximum settlement amount of $1,265 for each $1,000 face amount of notes.

If either index falls by up to 15%, the payout will be par plus the absolute value of the return of the lesser performing index.

If either index falls by more than 15%, investors will lose 1% for every 1% decline of the lesser performing index beyond 15%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$958,000
Maturity:	Nov. 4, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus the lesser-performing index return, subject to the maximum settlement amount of $1,265 for each $1,000 face amount of notes; if either index falls by up to 15%, par plus the absolute value of the return of the lesser performing index; if either index falls by more than 15%, 1% loss for every 1% decline of the lesser performing index beyond 15%
Initial levels:	1,562.452 for Russell, 3,037.56 for S&P
Pricing date:	Oct. 31
Settlement date:	Nov. 5
Agent:	Goldman Sachs & Co. LLC
Fees:	0.75%
Cusip:	40056XG83

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