New Issue: GS Finance sells $725,000 index-linked notes on Russell Value, S&P, Stoxx

Chicago, Sept. 22 – GS Finance Corp. priced $725,000 of 0% index-linked notes due Feb. 2, 2027 linked to the least performing of the Russell 2000 Value index, the S&P 500 index and the Euro Stoxx 50 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 the greater of the return of the least performing index and 31.15%.

If the least performing index falls by up to 40%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the worst performer 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 Value index, S&P 500 index, Euro Stoxx 50 index
Amount:	$725,000
Maturity:	Feb. 2, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus greater of the return of the least performing index and 31.15%; if any index falls but the final underlier level of each is greater than or equal to the 60% trigger buffer level, par; otherwise, 1% loss for every 1% decline of the worst performer from its initial level
Initial levels:	2,299.655 for Russell, 4,431.85 for S&P, 4,136.91 for Stoxx
Trigger buffer levels:	60% of initial levels
Pricing date:	Jan. 28
Settlement date:	Feb. 2
Agent:	Goldman Sachs & Co. LLC
Fees:	4.375%
Cusip:	40057KVH3

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