New Issue: GS Finance sells $505,000 index-linked notes on Dow, S&P

By Sarah Lizee

Olympia, Wash., June 1 – GS Finance Corp. priced $505,000 of 0% index-linked notes due May 30, 2025 tied to the Dow Jones industrial average 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 the return of the lesser performing index.

If any index falls by up to 20%, the payout will be par.

Otherwise, investors will be fully exposed to the loss of the worse-performing index beyond 20%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Dow Jones industrial average and S&P 500
Amount:	$505,000
Maturity:	May 30, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If worse-performing index gains or finishes flat, par plus return of lesser performing index; if any index falls by up to 20%, par; otherwise, investors will be fully exposed to the loss of the worse-performing index beyond 20%
Initial levels:	24,995.11 for Dow, 2,991.77 for S&P
Buffer levels:	80% of initial levels
Pricing date:	May 26
Settlement date:	May 29
Agent:	Goldman Sachs & Co. LLC
Fees:	4.37%
Cusip:	40057E6Q5

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