New Issue: GS Finance sells $2.57 million index-linked notes on Russell, Dow, Nasdaq

By William Gullotti

Buffalo, N.Y., March 22 – GS Finance Corp. priced $2.57 million of 0% index-linked notes due March 22, 2027 linked to the least performing of the Russell 2000 index, the Dow Jones industrial average and the Nasdaq-100 index, 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 index is zero or positive, the payout at maturity will be par plus 1.81 times the least performing index’s return.

If the least performing index falls by up to 30%, the payout will be par. Otherwise, investors will be fully exposed to any losses of the worst performing index 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:	Russell 2000 index, Dow Jones industrial average, Nasdaq-100 index
Amount:	$2,566,000
Maturity:	March 22, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus 1.81 times the least performing index’s return; if any index falls but the final underlier level of each is greater than or equal to the 70% trigger buffer level, par; if any index falls by more than 30%, investors will be fully exposed to the decline of the worst performing index from its initial level
Initial levels:	2,065.019 for Russell, 34,480.76 for Dow, 14,118.6 for Nasdaq
Trigger buffer levels:	70% of initial levels
Pricing date:	March 17
Settlement date:	March 22
Agent:	Goldman Sachs & Co. LLC
Fees:	0.51%
Cusip:	40057LJ85

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