New Issue: GS Finance prices $1.78 million index-linked notes on Russell, S&P

By William Gullotti

Buffalo, N.Y., Jan. 18 – GS Finance Corp. priced $1.78 million of 0% index-linked notes due Feb. 16, 2023 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 notes have not been called, the payout at maturity will be par plus 11.65% unless either index closes below its 75% trigger level during the life of the notes and either index finishes below its initial level, in which case investors will lose 1% for every 1% that the lesser-performing index finishes below 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:	$1,775,000
Maturity:	Feb. 16, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 11.65% unless either index closes below its trigger level during the life of the notes and either index finishes below its initial level, in which case investors will lose 1% for every 1% that the lesser-performing index finishes below its initial level
Initial levels:	2,176.057 for Russell, 4,726.35 for S&P
Trigger level:	75% of initial level
Pricing date:	Jan. 12
Settlement date:	Jan. 18
Agent:	Goldman Sachs & Co. LLC
Fees:	1.93%
Cusip:	40057KS46

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