New Issue: GS Finance sells $9.91 million 4.317% trigger callable yield notes on S&P, Russell Value

By Wendy Van Sickle

Columbus, Ohio, Dec. 21 – GS Finance Corp. priced $9.91 million of 4.317% trigger callable yield notes due March 20, 2023 linked to the performance 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.

Interest is payable monthly.

The notes are callable at par on any monthly coupon payment date after three months.

The payout at maturity will be par of $10 unless any index finishes below its 60% downside threshold level, in which case investors will lose 1% for each 1% decline of the worst performer from its initial level.

Goldman Sachs & Co. and UBS Financial Services Inc. are the agents.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Trigger callable yield notes
Underlying indexes:	S&P 500 index, Russell 2000 Value index
Amount:	$9,913,500
Maturity:	March 20, 2023
Coupon:	4.317% per year, payable monthly
Price:	Par of $10
Payout at maturity:	Par unless any index finishes below downside threshold, in which case 1% loss for each 1% decline of worst performer from initial level
Call option:	At par monthly on any coupon date after three months
Initial levels:	4,709.85 for S&P, 2,422.687 for Russell Value
Downside thresholds:	2,825.91 for S&P, 1,453.612 for Russell Value; 60% of initial level
Pricing date:	Dec. 15
Settlement date:	Dec. 20
Underwriter:	Goldman Sachs & Co. and UBS Financial Services Inc.
Fees:	1%
Cusip:	36261Y343

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