New Issue: GS Finance sells $700,000 index-linked notes on S&P, Russell, Dow

By Kiku Steinfeld

Chicago, Feb. 10 – GS Finance Corp. priced $700,000 of 0% index-linked notes due Feb. 5, 2024 linked to the least performing of the Dow Jones industrial average, the S&P 500 index and the Russell 2000 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 zero or positive, the payout at maturity will be par plus 1.495 times of the return of the least performing index.

If any index falls but the return of each index is at least negative 5%, the payout will be par.

If any index falls by more than 5%, investors will lose 1% for each 1% decline of the worst performing index beyond 5%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Dow Jones industrial average, S&P 500 index, Russell 2000 index
Amount:	$700,000
Maturity:	Feb. 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus 1.495 times the return of the least performing index; if any index falls but the return of each index is at least negative 5%, par; if any index falls by more than 5%, investors will lose 1% for each 1% decline of the worst performing index beyond 5%
Initial levels:	35,131.86 for Dow, 4,515.55 for S&P, 2,028.453 for Russell
Buffer levels:	95% of initial levels
Pricing date:	Jan. 31
Settlement date:	Feb. 3
Agent:	Goldman Sachs & Co. LLC
Fees:	0.8%
Cusip:	40057KRS4

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