New Issue: GS Finance sells $210,000 index-linked notes on Dow, S&P

By Kiku Steinfeld

Chicago, Dec. 22 – GS Finance Corp. priced $210,000 of 0% index-linked notes due Aug. 31, 2026 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 the return of the lesser performing index.

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

Otherwise, investors will lose 1% for every 1% decline of the lesser 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:	$210,000
Maturity:	Aug. 31, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If worse-performing index gains or finishes flat, the payout will be par plus the return of the lesser performing index; if either index declines by up to 10%, par; 1% loss for every 1% decline of the lesser performing index beyond 10%
Initial levels:	35,213.12 for Dow, 4,470.00 for S&P
Buffer levels:	90% of initial levels
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agent:	Goldman Sachs & Co. LLC
Fees:	4.6%
Cusip:	40057J3S3

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