New Issue: GS Finance sells $16.39 million index-linked notes on S&P 500

By William Gullotti

Buffalo, N.Y., July 26 – GS Finance Corp. priced $16.39 million of 0% index-linked notes due July 24, 2025 linked to the performance of 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 the return of the index is zero or positive, the payout at maturity will be par plus the index return, subject to a maximum return of par plus 25.01%.

Otherwise, investors will receive par.

Goldman Sachs & Co. LLC is the agent with JPMorgan as placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500 index
Amount:	$16,392,000
Maturity:	July 24, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is zero or positive, par plus index return capped at 25.01%; otherwise, par
Initial level:	3,998.95
Pricing date:	July 21
Settlement date:	July 26
Agent:	Goldman Sachs & Co. LLC with JPMorgan as placement agent
Fees:	2%
Cusip:	40057ML56

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