New Issue: GS Finance sells $680,000 index-linked notes on S&P indexes

By Kiku Steinfeld

Chicago, Nov. 21 – GS Finance Corp. priced $680,000 of 0% index-linked notes due March 29, 2023 linked to the least performing of the S&P 500 index and the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If any index gains or falls but the return of each index is at least negative 40%, the payout will be $1,057.50 per each $1,000 principal amount.

If any index falls by more than 40%, investors will be exposed to the decline of the worst performing index.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	S&P 500 Value index, S&P 500 index,
Amount:	$680,000
Maturity:	March 29, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If any index gains or falls but the return of each index is at least negative 40%, the payout will be $1,057.50 per each $1,000 principal amount; otherwise; exposure to the decline of the worst performing index
Initial levels:	1,522.65 for S&P 500 Value, 4,463.12 for S&P 500
Barrier levels:	60% of initial levels
Pricing date:	March 18
Settlement date:	March 23
Agent:	Goldman Sachs & Co. LLC
Fees:	0.4%
Cusip:	40057LJA0

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