New Issue: GS Finance sells $5.06 million index-linked notes linked to S&P, Dow

By William Gullotti

Buffalo, N.Y., July 7 – GS Finance Corp. priced $5.06 million of 0% index-linked notes due Aug. 3, 2023 linked to the least performing of 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 70% trigger buffer level, the payout at maturity will be par plus 10%.

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:	S&P 500 index, Dow Jones industrial average
Amount:	$5,056,000
Maturity:	Aug. 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above trigger buffer level, par plus 10%; 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:	3,785.38 for S&P, 30,775.43 for Dow
Trigger buffer levels:	70% of initial levels
Pricing date:	June 30
Settlement date:	July 6
Agent:	Goldman Sachs & Co. LLC
Fees:	0.43%
Cusip:	40057MEQ8

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