New Issue: GS Finance prices $1.08 million of notes with cap linked to Dow Jones

By Sarah Lizee

Olympia, Wash., May 31 – GS Finance Corp. sold $1.08 million of 0% notes due June 7, 2022 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.

The payout at maturity will be par plus any index gain, capped at $1,335 per $1,000 of notes. If the index is flat or declines by up to 40%, the payout will be par.

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

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Notes
Underlying index:	Dow Jones industrial average
Amount:	$1,075,000
Maturity:	June 7, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at $1,335 per $1,000 of notes; if the index is flat or declines by up to 40%, par; otherwise, investors will be fully exposed to the decline of the index from its initial level
Initial level:	25,347.77
Pricing date:	May 28
Settlement date:	May 31
Agent:	Goldman Sachs & Co. LLC
Fees:	2.75%
Cusip:	40056FJR7

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