New Issue: GS Finance sells $95,000 index-linked notes on Russell, S&P

By Sarah Lizee

Olympia, Wash., Jan. 9 – GS Finance Corp. priced $95,000 of 0% index-linked notes due Jan. 5, 2023 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 1.5 times the return of the lesser performing index.

Investors will lose 1% for every 1% decline of the lesser performing index, subject to a minimum payout of 95% of par.

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:	$95,000
Maturity:	Jan. 5, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or its initial level, par plus 1.5 times the return of the lesser performing index; 1% loss for every 1% decline of the lesser performing index, subject to a minimum payout of 95% of par
Initial levels:	1,664.150 for Russell, 3,221.29 for S&P
Pricing date:	Dec. 30
Settlement date:	Jan. 3
Agent:	Goldman Sachs & Co. LLC
Fees:	0.75%
Cusip:	40056XT30

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