New Issue: GS Finance sells $2.52 million underlier-linked notes on indexes, ETF

By Wendy Van Sickle

Columbus, Ohio, July 15 – GS Finance Corp. priced $2.52 million of 0% underlier-linked notes due July 7, 2023 linked to the Russell 2000 index, the Dow Jones industrial average, the S&P 500 index, the Nasdaq-100 index and the Technology Select Sector SPDR fund, 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 underlier is zero or positive, the payout will be $1,750 per $1,000 of notes.

If the least-performing asset falls by up to 30%, the payout will be par.

Otherwise, investors will be exposed to the decline of the least-performing asset.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Underlier-linked notes
Underlying assets:	Russell 2000 index, Dow Jones industrial average, S&P 500 index, Nasdaq-100 index and Technology Select Sector SPDR fund
Amount:	$2,524,000
Maturity:	July 7, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each underlier is zero or positive, $1,750 per $1,000 of notes; if least performing asset falls by up to 30%, par; otherwise investors will be exposed to the decline of the least performing asset
Initial levels:	1,427.314 for Russell 2000, 25,734.97 for Dow, 3,115.86 for S&P 500, 10,279.250 for Nasdaq and $104.66 for Technology Select
Pricing date:	June 30
Settlement date:	July 7
Underwriter:	Goldman Sachs & Co. LLC
Fees:	1%
Cusip:	40057CDQ1

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