New Issue: GS Finance sells $1.76 million autocallable index-linked notes on S&P, Russell 2000 Value

By Kiku Steinfeld

Chicago, Sept. 20 – GS Finance Corp. priced $1.76 million of 0% autocallable index-linked notes due July 2, 2026 tied to the least performing of the Russell 2000 Value 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.

The notes will be automatically called at par plus an annualized premium of 7% if each index closes at or above its initial level on any quarterly call date after one year.

The payout at maturity will be par plus 35% if both indexes finish at or above their initial levels. The payout will be par unless the least performing index falls by up to 15%, in which case investors will lose 1% for every 1% decline of that index.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable index-linked notes
Underlying indexes:	Russell 2000 Value index, S&P 500 index
Amount:	$1,758,000
Maturity:	July 2, 2026
Coupon:	0%
Price:	Par of $1,000
Call:	At par plus 7% annualized premium if both indexes close at or above initial level on any quarterly call date after one year
Payout at maturity:	Par plus 35% if both indexes finish at or above initial level; par if least performing index falls by up to 15%; otherwise, exposure to losses of least performer
Initial levels:	4,280.70 for S&P, 2,526.924 for Russell Value
Trigger buffers:	85% of initial levels
Pricing date:	June 25
Settlement date:	June 30
Agent:	Goldman Sachs & Co. LLC
Fees:	3.625%
Cusip:	40057HPU8

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