New Issue: GS Finance sells $458,000 index-linked notes on Dow, S&P

By Kiku Steinfeld

Chicago, Oct. 5 – GS Finance Corp. priced $458,000 of 0% index-linked notes due Sept. 28, 2023 tied to the S&P 500 index and the Dow Jones industrial average, 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 the greater of $1,210 per $1,000 of notes and par plus the least performing index’s return.

If either index finishes below its initial level by up to 15%, the payout will be par.

Otherwise, investors will be exposed to the decline of the least 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:	S&P 500 index and Dow Jones industrial average
Amount:	$458,000
Maturity:	Sept. 28, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, greater of $1,210 per $1,000 of notes and par plus the least performing index’s return; if either index finishes below its initial level by up to 15%, par; otherwise, investors will be exposed to the decline of the least performing index beyond 15%
Initial index levels:	27,173.96 for Dow, 3,298.46 for S&P
Buffer levels:	85% of initial levels
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	Goldman Sachs & Co. LLC
Fees:	3.195%
Cusip:	40057CQ87

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