New Issue: GS Finance sells $889,000 index-linked notes on Russell, S&P, Dow

By Kiku Steinfeld

Chicago, July 21 – GS Finance Corp. priced $889,000 of 0% index-linked notes due Jan. 5, 2027 linked to the least performing of the Russell 2000 index, 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 the return of each index is zero or positive, the payout at maturity will be par plus the greater of the gain of the least performing index and 37.75%.

If the least performing index falls by up to 25%, the payout will be par.

Otherwise, investors will be exposed to the decline of the worst performing index from 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, S&P 500 index, Dow Jones industrial average
Amount:	$889,000
Maturity:	Jan. 5, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus greater of the lowest index return and 37.75%; if any index falls by no more than 25%, par; if any index falls below trigger level, 1% loss for every 1% decline of laggard index
Initial levels:	4,778.73 for S&P, 2,248.793 for Russell, 36,398.08 for Dow
Trigger levels:	75% of initial levels
Pricing date:	Dec. 30
Settlement date:	Jan. 4
Agent:	Goldman Sachs & Co. LLC
Fees:	4.1%
Cusip:	40057KG23

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