New Issue: GS Finance sells $724,000 index-linked notes on Euro Stoxx, S&P

By Taylor Fox

New York, Nov. 16 – GS Finance Corp. priced $724,000 of 0% index-linked notes due Oct. 23, 2025 tied to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each index finishes at or above its initial level, the payout at maturity will be par plus 2.69 times the least performing index return.

If either index falls by up to 25%, the payout will be par.

If either index falls by more than 25%, investors will be fully exposed to the decline of the least performing index.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	S&P 500 and Euro Stoxx 50 index
Amount:	$724,000
Maturity:	Oct. 23, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 2.69 times the least performing index return; if either index falls by up to 25%, par; if either index falls by more than 25%, full exposure to the decline of the least performing index
Initial index levels:	3,443.12 for S&P, 3,227.87 for Stoxx
Trigger levels:	75% of initial levels
Pricing date:	Oct. 20
Settlement date:	Oct. 23
Agent:	Goldman Sachs & Co. LLC
Fees:	0.95%
Cusip:	40057EG76

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