New Issue: GS Finance sells $21.55 million autocallable index-linked notes on Dow, S&P

By Wendy Van Sickle

Columbus, Ohio, April 17 – GS Finance Corp. priced $21.55 million of 0% autocallable index-linked notes due April 14, 2028 tied to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above 80% of its initial level on any quarterly observation date after one year, the notes will be called at par plus an 8% annualized call premium.

If the notes are not called and each index finishes at or above 80% of its initial level, the payout will be par plus 40%.

Otherwise, investors will be fully exposed to the decline of the laggard index.

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:	Autocallable index-linked notes
Underlying indexes:	S&P 500 index, Dow Jones industrial average
Amount:	$21,552,000
Maturity:	April 14, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If the notes are not called and each index finishes at or above 80% of its initial level, par plus 40%; otherwise, full exposure to decline of the laggard index
Call:	If each index closes at or above 80% of its initial level on any quarterly observation date after one year, notes will be called at par plus 8% annualized call premium
Initial index levels:	4,108.94 for S&P, 33,684.79 for Dow
Pricing date:	April 11
Settlement date:	April 14
Agent:	Goldman Sachs & Co. LLC
Fees:	None
Cusip:	40057RFW3

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