New Issue: GS Finance sells $238,000 index-linked notes on Dow, S&P

By Taylor Fox

New York, Nov. 16 – GS Finance Corp. priced $238,000 of 0% index-linked notes due Oct. 30, 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.

If each index finishes at or above its initial level, the payout will be $1,300 per $1,000 face amount of notes.

If the lesser-performing index falls by up to 30%, the payout will be par plus the absolute value of the index return.

Otherwise, investors will lose 1% for every 1% decline of the lesser-performing index from its initial level.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Dow Jones industrial average, S&P 500 index
Amount:	$238,000
Maturity:	Oct. 30, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus $1,300 per $1,000 of notes; if the lesser-performing index falls by up to 30%, par plus absolute value of index return; otherwise, 1% loss for every 1% decline of the lesser-performing index
Initial index levels:	27,463.19 for Dow and 3,390.68 for S&P
Trigger buffer levels:	70% of initial levels
Pricing date:	Oct. 27
Settlement date:	Oct. 30
Underwriter:	Goldman Sachs & Co. LLC
Fees:	4.475%
Cusip:	40057ED20

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