New Issue: GS Finance sells $1.13 million index-linked notes on S&P, Dow

Chicago, Sept. 26 – GS Finance Corp. priced $1.13 million of 0% index-linked notes due Feb. 6, 2025 tied to the lesser performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If both indexes finish above their initial levels, the payout at maturity will be par plus the return of the lesser performing index.

If at least one index declines, but neither decline more than 25%, investors will receive par plus the absolute value of the return of the worse performer.

Otherwise, investors will be fully exposed to the losses of the worse performer.

The notes are guaranteed by Goldman Sachs Group, Inc.

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:	$1,125,000
Maturity:	Feb. 6, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If both indexes finish above initial levels, par plus return of worse performer; if at least one index declines but both finish above barrier level, par plus absolute value of return of worse performer; otherwise, full exposure to losses of worse performer
Initial index levels:	4,589.38 for S&P, 35,629.33 for Dow
Buffer levels:	75% of initial levels
Pricing date:	Feb. 2
Settlement date:	Feb. 7
Agent:	Goldman Sachs & Co. LLC
Fees:	1.2%
Cusip:	40057KUW1

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