New Issue: GS Finance sells $671,000 index-linked notes on Russell, S&P

By Sarah Lizee

Olympia, Wash., Dec. 31 – GS Finance Corp. priced $671,000 of 0% index-linked notes due Dec. 27, 2024 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 its initial level, the payout at maturity will be par plus the return of the lesser performing index.

If the lesser performing index falls by up to 35%, the payout will be par plus the absolute value of the lesser performing index return.

If either index falls by more than 35%, investors will lose 1% for every 1% decline 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:	Russell 2000 and S&P 500
Amount:	$671,000
Maturity:	Dec. 27, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or its initial level, par plus the return of the lesser performing index; if the lesser performing index falls by up to 35%, par plus the absolute value of the lesser performing index return; if either index falls by more than 35%, investors will lose 1% for every 1% decline of the lesser performing index
Initial levels:	3,224.01 for S&P, 1,674.141 for Russell
Pricing date:	Dec. 23
Settlement date:	Dec. 27
Agent:	Goldman Sachs & Co. LLC
Fees:	4.41%
Cusip:	40056XTT3

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