New Issue: GS Finance sells $2.97 million index-linked notes on Dow, Nasdaq, Russell

By Sarah Lizee

Olympia, Wash., May 1 – GS Finance Corp. priced $2.97 million of 0% index-linked notes due May 1, 2025 tied to the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each index finishes at or above its initial level, the payout will be par plus 1.97 times the return of the least performing index.

If any index falls by up to 30%, the payout will be par.

If any index falls by more than 30%, the payout will be par plus the return of the least performing index with full exposure to the decline.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Dow Jones industrial average, Nasdaq-100 and Russell 2000
Amount:	$2,974,000
Maturity:	May 1, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 1.97 times the return of the least performing index; if any index falls by up to 30%, par; if any index falls by more than 30%, par plus the return of the least performing index with full exposure to the decline
Initial levels:	24,133.78 for Dow, 8,837.657 for Nasdaq and 1,281.878 for Russell
Barrier levels:	70% of initial levels
Pricing date:	April 27
Settlement date:	April 30
Agent:	Goldman Sachs & Co. LLC
Fees:	4.475%
Cusip:	40057E4S3

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