New Issue: GS Finance sells $464,000 index-linked notes on S&P, Nasdaq

By Kiku Steinfeld

Chicago, April 3 – GS Finance Corp. priced $464,000 of 0% index-linked notes due Dec. 9, 2024 linked to the least performing of the Nasdaq-100 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 zero or positive, the payout at maturity will be the maximum settlement amount of $1,108 for each $1,000 face amount.

If any index falls but the return of each index is at least negative 40%, the payout will be par plus the absolute value of the least performing index’s return.

Otherwise, investors will lose 1% for every 1% that the worse-performing index falls beyond 40%.

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, S&P 500 index
Amount:	$464,000
Maturity:	Dec. 9, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, $1,108 for each $1,000 face amount; if any index falls but the return of each index is at least negative 40%, par plus the absolute value of the least performing index’s return; otherwise, investors will lose 1% for every 1% that the worse-performing index falls beyond 40%
Initial levels:	3,934.38 for S&P, 11,563.33 for Nasdaq
Buffer levels:	60% of initial levels
Pricing date:	Dec. 9
Settlement date:	Dec. 14
Agent:	Goldman Sachs & Co. LLC
Fees:	0.8%
Cusip:	40057PA93

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