New Issue: GS Finance sells $2.39 million index-linked notes on three indexes

By Taylor Fox

New York, Dec. 30 – GS Finance Corp. priced $2.39 million of 0% index-linked notes due Dec. 4, 2025 tied to the least performing of the S&P 500 index, the Nasdaq-100 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.

The payout at maturity will be par plus 1.66 times the least performing index’s return if each index finishes at or above its initial level. Investors will receive par if the least performing index return falls by up to 30%. If any index finishes below its 70% trigger level, investors will lose 1% for every 1% that the least performing index declines from its initial level.

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, Nasdaq-100 index, Dow Jones industrial average
Amount:	$2,385,000
Maturity:	Dec. 4, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.66 times the least performing index’s return if each index finishes at or above its initial level; par if least performing index return falls by up to 30%; otherwise, 1% loss for every 1% decline of the least performing index
Initial levels:	3,621.63 for S&P, 12,268.32 for Nasdaq-100, 29,638.64for Dow
Trigger levels:	70% of initial levels
Pricing date:	Nov. 30
Settlement date:	Dec. 3
Agent:	Goldman Sachs & Co. LLC
Fees:	1.02%
Cusip:	40057EJF5

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