New Issue: GS Finance prices $1.54 million notes with cap linked to the Dow

By Marisa Wong

Morgantown, W.Va., April 29 – GS Finance Corp. priced $1.54 million of 0% notes due April 30, 2024 linked to 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 index return is positive, the payout at maturity will be par plus the index return, subject to a maximum settlement amount of $1,800 for each $1,000 principal amount. If the index return is zero or negative, the payout will be par.

Goldman Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	Dow Jones industrial average
Amount:	$1,537,000
Maturity:	April 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus index gain, capped at 80%; otherwise, par
Initial level:	17,977.24
Pricing date:	April 25
Settlement date:	April 28
Agent:	Goldman, Sachs & Co.
Fees:	4.4%
Cusip:	40054K7L4

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