New Issue: GS Finance sells $550,000 3.5% fixed-coupon index-linked notes on Dow, S&P

By Sarah Lizee

Olympia, Wash., April 22 – GS Finance Corp. priced $550,000 of 3.5% fixed-coupon index-linked notes due April 21, 2025 tied to the lesser performing of the Dow Jones industrial average 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 quarterly.

The payout at maturity will be par unless either index falls by more than 15%, in which case investors will be fully exposed to the losses beyond the buffer level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Fixed-coupon index-linked notes
Underlying indexes:	Dow Jones industrial average and S&P 500
Amount:	$550,000
Maturity:	April 21, 2025
Coupon:	3.5%, payable quarterly
Price:	Par
Payout at maturity:	Par unless either index falls by more than 15%, in which case full exposure to losses beyond buffer level
Initial levels:	23,537.68 for Dow and 2,799.55 for S&P
Buffer levels:	85% of initial levels
Pricing date:	April 16
Settlement date:	April 21
Agent:	Goldman, Sachs & Co. LLC
Fees:	4.1%
Cusip:	40056YZ80

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