New Issue: GS Finance sells $1.5 million index-linked notes on Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, Feb. 11 – GS Finance Corp. priced $1.5 million of 0% index-linked notes due Feb. 5, 2025 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 140% of lesser performing index return.

If either index falls by up to 50%, the payout will be par.

If the lesser performing index falls by more than 50%, investors will lose 1% for every 1% decline of that 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:	$1,495,000
Maturity:	Feb. 5, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 140% of lesser performing index return; if either index falls by up to 50%, par; if the lesser performing index falls by more than 50%, 1% loss for every 1% decline of that index
Initial levels:	1,614.061 for Russell, 3,225.52 for S&P
Pricing date:	Jan. 31
Settlement date:	Feb. 5
Agent:	Goldman Sachs & Co. LLC
Fees:	1.16%
Cusip:	40056XZQ2

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