New Issue: GS Finance sells $945,000 index-linked notes on Russell Value indexes

By Wendy Van Sickle

Columbus, Ohio, March 22 – GS Finance Corp. priced $945,000 of 0% index-linked notes due Dec. 2, 2025 linked to the least performing of the Russell 1000 Value index and the Russell 2000 Value 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 each index is zero or positive, the payout at maturity will be par plus 126% of the return of the least performing index.

If either index falls but the return of each index is at least negative 15%, the payout will be par.

If either index falls by more than 15%, investors will be exposed to the decline of the worst performing index beyond 15%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Russell 2000 Value, Russell 1000 Value
Amount:	$945,000
Maturity:	Dec. 2, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus 126% of return of least performing index ; if either index falls but the return of each index is at least negative 15%, par; if either index falls by more than 15%, investors will be exposed to the decline of the worst performing index beyond 15%
Initial levels:	1,413.197 for Russell 1000 Value, 2,266.785 for Russell 2000 Value
Pricing date:	Feb. 26
Settlement date:	March 3
Agent	Goldman Sachs & Co. LLC
Fees:	0.9%
Cusip:	40057FM92

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