New Issue: GS Finance sells $437,000 index-linked notes on Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, Dec. 9 – GS Finance Corp. priced $437,000 of 0% index-linked notes due Dec. 1, 2021 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 85% its initial level, the payout at maturity will be par plus the absolute value of the worst performing index, subject to a maximum payout of par plus 26%.

If either index falls by more than 15%, investors will lose 1% for every 1% decline of the lesser performing index from 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:	$437,000
Maturity:	Dec. 1, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above 85% of its initial level, par plus absolute value of return of worst performer, up to par plus 26%; 1% loss for every 1% decline of the lesser performing index beyond 15%
Initial levels:	1,624.231 for Russell, 3,140.52 for S&P
Pricing date:	Nov. 26
Settlement date:	Dec. 2
Agent:	Goldman Sachs & Co. LLC
Fees:	0.79%
Cusip:	40056XM60

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