New Issue: GS Finance sells $1.08 million index-linked notes on Russell, S&P

Chicago, Feb. 12 – GS Finance Corp. priced $1.08 million of 0% index-linked notes due Jan. 31, 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 the greater of the lesser performing index return and par plus 35%.

If the lesser performing index falls by up to 35%, investors will receive par. Investors will be fully exposed to the losses of the least performing index if that index finishes below 65% of its initial level.

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:	$1,075,000
Maturity:	Jan. 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above initial level, par plus greater of lesser performing index return and par plus 35%; if lesser performing index falls by up to 35%, par; otherwise 1% loss for each 1% decline of lesser performing index if worse performer finishes below 65% of its initial level
Initial levels:	1,658.314 for Russell, 3,276.24 for S&P
Trigger buffer level:	65% of initial level
Pricing date:	Jan. 28
Settlement date:	Jan. 31
Agent:	Goldman Sachs & Co. LLC
Fees:	4.54%
Cusip:	40056XZ74

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