New Issue: GS Finance sells $1.13 million index-linked notes on Dow, S&P

By Sarah Lizee

Olympia, Wash., Aug. 3 – GS Finance Corp. priced $1.13 million of 0% index-linked notes due July 31, 2025 tied to the S&P 500 index and the Dow Jones industrial average, 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 at maturity will be par plus the least performing index return.

If either index finishes below the initial underlier level by up to 15%, the payout will be par plus the absolute value of the lesser performing index return.

Otherwise, investors will be exposed to the decline of the least performing index beyond 15%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	S&P 500 index and Dow Jones industrial average
Amount:	$1,133,000
Maturity:	July 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus the least performing index return; if either index finishes below the initial underlier level by up to 15%, par plus the absolute value of the lesser performing index return; otherwise, investors will be exposed to the decline of the least performing index beyond 15%
Initial index levels:	26,379.28 for Dow, 3,218.44 for S&P
Buffer levels:	85% of initial levels
Pricing date:	July 28
Settlement date:	July 31
Agent:	Goldman Sachs & Co. LLC
Fees:	3.9%
Cusip:	40057CEX5

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