New Issue: GS Finance sells $500,000 index-linked notes on Russell, S&P

By Kiku Steinfeld

Chicago, Dec. 29 – GS Finance Corp. priced $500,000 of 0% index-linked notes due Aug. 27, 2027 linked to the least performing of 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 the return of each index is greater than or equal to 75% of its initial level, the payout at maturity will be the greater of par plus 22.5% and par plus the return of the least performing index.

If the least performing index falls by up to 25%, the payout will be par plus that index’s return.

Otherwise, investors will be fully exposed to any losses of the worst performing index from its initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Russell 2000 index, S&P 500 index
Amount:	$500,000
Maturity:	Aug. 27, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is greater than or equal to its trigger buffer level, the greater of par plus 22.5% and par plus return of least performing index; if lesser performing index falls by more than 25%, par plus lesser return
Initial levels:	2,167.600 for Russell, 4,441.67 for S&P
Trigger buffer levels:	75% of initial levels
Pricing date:	Aug. 20
Settlement date:	Aug. 27
Agent:	Goldman Sachs & Co. LLC
Fees:	3.25%
Cusip:	40057JCA2

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