New Issue: GS Finance sells $1.01 million index-linked notes on Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, May 4 – GS Finance Corp. priced $1.01 million of 0% index-linked notes due May 1, 2025 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 worse-performing index gains or finishes flat, the payout will be par plus 125% of the worse-performing index’s return.

If any index falls by up to 35%, the payout will be par.

Investors will be fully exposed to the loss of the worse-performing index if it falls by more than 35%.

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:	$1,012,000
Maturity:	May 1, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If worse-performing index gains or finishes flat, par plus 125% of the worse-performing index’s return; if any index falls by up to 35%, par; full exposure to loss worse-performing index if it falls by more than 35%
Initial levels:	1,281.878 for Russell, 2,878.48 for S&P
Barrier levels:	65% of initial levels
Pricing date:	April 27
Settlement date:	April 30
Agent:	Goldman Sachs & Co. LLC
Fees:	4.27%
Cusip:	40057E2N6

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