New Issue: GS Finance sells $36 million index-linked notes on three indexes

By Wendy Van Sickle

Columbus, Ohio, Nov. 23 – GS Finance Corp. priced $36 million of 0% index-linked notes due Nov. 24, 2025 tied to the least performing of the Nasdaq-100 index, the Nasdaq-100 Technology Sector index and the PHLX Semiconductor Sector index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par plus 1.35 times the least performing index return if each index finishes at or above its initial level. Investors will lose 1% for every 1% that the least performing index declines.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Nasdaq-100 index, Nasdaq-100 Technology Sector index, PHLX Semiconductor Sector index
Amount:	$36 million
Maturity:	Nov. 24, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.35 times the least performing index return if each index finishes at or above its initial level; 1% loss for every 1% decline of least performing index
Initial levels:	11,985.43 for Nasdaq, 6,977.142 for Nasdaq-100 Technology, 2,570.221 for PHLX Semiconductor
Pricing date:	Nov. 19
Settlement date:	Nov. 24
Agent:	Goldman Sachs & Co. LLC
Fees:	4.1%
Cusip:	40057EN78

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