New Issue: GS Finance sells $612,000 contingent coupon index-linked notes on Russell, Nasdaq

By Kiku Steinfeld

Chicago, Dec. 29 – GS Finance Corp. priced $612,000 of contingent coupon index-linked notes due Aug. 28, 2023 tied to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent semiannual coupon at an annual rate of 5.7% if each index closes at or above the coupon trigger level, 75% of the initial level, on the valuation date for that period.

If each index closes at or above 75% of initial value, the payout is par plus coupon.

If any index falls by more than 25%, investors will be exposed to any losses of the least-performing index.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Contingent coupon index-linked notes
Underlying indexes:	Russell 2000 index, Nasdaq-100 index
Amount:	$612,000
Maturity:	Aug. 28, 2023
Coupon:	5.7% annualized rate, payable semiannually if each index closes at or above coupon trigger level, on valuation date for that period
Price:	Par
Payout at maturity:	If each index finishes at or above trigger buffer level, par plus coupon; if any index falls by more than 25%, full exposure to decline of worst performer
Initial index levels:	2,167.600 for Russell, 15,092.57 for Nasdaq
Trigger buffer level:	75% of initial levels
Coupon trigger level:	75% of initial levels
Pricing date:	Aug. 20
Settlement date:	Aug. 25
Agent:	Goldman Sachs & Co. LLC
Fees:	2%
Cusip:	40057J4G8

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