New Issue: GS Finance sells $3.28 million index-linked notes due 2025 on S&P

By Sarah Lizee

Olympia, Wash., March 24 – GS Finance Corp. priced $3.28 million of 0% index-linked notes due March 18, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index closes at or above its initial level, the payout at maturity will be par plus the index return.

If the index falls by up to 45%, the payout will be par. Otherwise, investors will be fully exposed to the decline.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500 index
Amount:	$3,275,000
Maturity:	March 18, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the index closes at or above initial level, par plus index return; if index falls by up to 45%, par; otherwise, full exposure to loss
Initial index level:	2,480.64
Barrier level:	55% of initial level
Pricing date:	March 13
Settlement date:	March 18
Underwriter:	Goldman Sachs & Co. LLC
Fees:	3.6%
Cusip:	40056YUM4

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