New Issue: GS Finance sells $3.55 million index-linked notes on Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, March 5 – GS Finance Corp. priced $3.55 million of 0% index-linked notes due Feb. 25, 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 at maturity will be $1,300 per $1,000 note.

If the lesser performing index falls by up to 35%, investors will receive par plus the absolute value of its return. Investors will lose 1% for each 1% loss of the lesser performing index if it falls beyond 35%.

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:	$3,549,000
Maturity:	Feb. 25, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above initial level, $1,300 per $1,000 note; if lesser performing index falls by up to 35%, par plus absolute value of its return; 1% loss for each 1% decline of lesser performing index if it falls beyond 35%
Initial levels:	1,571.897 for Russell, 3,128.21 for S&P
Pricing date:	Feb. 25
Settlement date:	Feb. 28
Agent:	Goldman Sachs & Co. LLC
Fees:	4.25%
Cusip:	40056YGE8

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