New Issue: GS Finance sells $1.09 million index-linked notes on Russell, S&P

Chicago, Feb. 6 – GS Finance Corp. priced $1.09 million of 0% index-linked notes due Feb. 2, 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 above its initial level, the payout will be par plus 1.25 times the return of the lesser performing index, subject to the maximum settlement amount of $1,250 per $1,000 principal amount of notes.

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

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

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:	$1,091,000
Maturity:	Feb. 2, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 1.25 times the lesser performing index return up to maximum settlement amount of $1,250 per $1,000 principal amount of notes; if either index falls by up to 15%, par plus absolute value of lesser performing index return; if the lesser performing index falls by more than 15%, 1% loss for every 1% decline beyond the 15% buffer
Initial levels:	1,658.341 for Russell, 3,276.24 for S&P
Buffer levels:	85% of initial levels
Pricing date:	Jan. 28
Settlement date:	Jan. 31
Agent:	Goldman Sachs & Co. LLC
Fees:	3.33%
Cusip:	40056XZH2

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