New Issue: GS Finance sells $1.25 million underlier-linked notes on index, ETF

By Sarah Lizee

Olympia, Wash., March 24 – GS Finance Corp. priced $1.25 million of 0% underlier-linked notes due March 18, 2025 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the return of each underlier is zero or positive, the payout at maturity will be par plus 3 times the return of the lesser performer.

If the return of each underlier is negative but greater than or equal to negative 50%, the payout will be par.

If either underlier falls by more than 50%, investors will be exposed to the decline of the lesser performer.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Underlier-linked notes
Underlying assets:	Euro Stoxx 50 index, iShares MSCI EAFE ETF
Amount:	$1,243,000
Maturity:	March 18, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each underlier is zero or positive, par plus 3 times the return of the lesser performer; if the return of each underlier is negative but greater than or equal to negative 50%, par; if either underlier falls by more than 50%, exposure to the decline of the lesser performer
Initial levels:	$52.91 for ETF, 2,586.02 for Stoxx
Barrier levels:	50% of initial levels
Pricing date:	March 13
Settlement date:	March 18
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.97%
Cusip:	40056YTL8

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