New Issue: GS Finance sells $1.11 million contingent coupon index-linked notes on Dow, S&P

By William Gullotti

Buffalo, N.Y., Nov. 27 – GS Finance Corp. priced $1.11 million of contingent coupon index-linked notes due Nov. 22, 2027 tied to 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.

The notes will pay a contingent semiannual coupon at an annual rate of 8.7% if each index closes at or above the coupon trigger level, 75% of the initial level, on the valuation date for that period.

The payout at maturity will be par plus the final coupon if each index finishes at or above 75% of initial level.

Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Contingent coupon index-linked notes
Underlying indexes:	Dow Jones industrial average, S&P 500 index
Amount:	$1,109,000
Maturity:	Nov. 22, 2027
Coupon:	8.7% annualized rate, payable semiannually if each index closes at or above coupon trigger level, on valuation date for that period
Price:	Par
Payout at maturity:	If each index finishes at or above trigger buffer level, par plus final coupon; otherwise, lose 1% for each 1% decline of worst performer from initial level
Initial index levels:	34,947.28 for Dow, 4,514.02 for S&P
Trigger buffer level:	75% of initial levels
Coupon trigger level:	75% of initial levels
Pricing date:	Nov. 17
Settlement date:	Nov. 22
Agent:	Goldman Sachs & Co. LLC
Fees:	None
Cusip:	40057WWS2

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