New Issue: GS Finance sells $100,000 index-linked notes on Dow, S&P

By Kiku Steinfeld

Chicago, July 6 – GS Finance Corp. priced $100,000 of 0% index-linked notes due June 28, 2024 tied to 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.

If worse-performing index gains or finishes flat, the payout will be par plus 1.05 times the return of the worse-performing index.

If either index falls by up to 10%, the payout will be par.

Otherwise, investors will be exposed to the loss of the worse-performing index beyond 10%.

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 and S&P 500
Amount:	$100,000
Maturity:	June 28, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If worse-performing index gains or finishes flat, par plus 1.05 times return of worse-performing index; if either index falls by up to 10%, par; otherwise, investors will be exposed to the loss of the worse-performing index beyond 10%
Initial levels:	25,745.60 for Dow, 3,083.76 for S&P
Buffer levels:	90% of initial levels
Pricing date:	June 25
Settlement date:	June 30
Agent:	Goldman Sachs & Co. LLC
Fees:	4.5%
Cusip:	40057C5D9

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