New Issue: GS Finance sells $459,000 index-linked notes on Russell, S&P

By Sarah Lizee

Olympia, Wash., April 3 – GS Finance Corp. priced $459,000 of 0% index-linked notes due March 30, 2023 tied to the Russell 2000 index and 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 each index finishes at or above its initial level, the payout will be par plus 1.25 times the lesser performing index return, capped at $1,475 per $1,000 of notes.

If the lesser-performing index falls by up to 15%, the payout will be par plus the absolute value of the return of the lesser performing index.

Investors will be exposed to any losses of the worst-performing index beyond 15%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$459,000
Maturity:	March 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 1.25 times the lesser performing index return, capped at $1,475 per $1,000 of notes; if lesser performing index falls by up to 15%, par plus the absolute value of the return of the lesser performing index; otherwise, exposure to loss of lesser performing index beyond 15%
Initial levels:	1,180.319 for Russell, 2,630.07 for S&P
Buffer levels:	85% of initial levels
Pricing date:	March 26
Settlement date:	March 31
Agent:	Goldman Sachs & Co. LLC
Fees:	3.375%
Cusip:	40056YR48

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