New Issue: GS Finance sells $976,000 index-linked notes on Russell, S&P

By Kiku Steinfeld

Chicago, Jan. 29 – GS Finance Corp. priced $976,000 of 0% index-linked notes due July 25, 2023 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout will be par plus the return of the lesser-performing index, subject to a cap of $1,485 per $1,000 of notes.

If either index falls by up to 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the lesser-performing index beyond 15%.

The notes are guaranteed by Goldman Sachs Group, Inc.

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:	$976,000
Maturity:	July 25, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus gain of lesser-performing index up $1,485 per $1,000 of notes; if either index falls by up to 15%, par; otherwise, 1% loss for every 1% decline of lesser-performing index beyond 15%
Initial index levels:	3,851.85 for S&P and 2,160.617 for Russell
Pricing date:	Jan. 20
Settlement date:	Jan. 25
Agent:	Goldman Sachs & Co. LLC
Fees:	1.175%
Cusip:	40057F4D3

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