New Issue: GS Finance prices $8.63 million index-linked notes tied to S&P 500

By William Gullotti

Buffalo, N.Y., May 11 – GS Finance Corp. priced $8.63 million of 0% index-linked notes due May 9, 2024 linked to the performance of 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.

The payout at maturity will be par plus 27.28% unless the index closes below its 80% lower barrier or above its 110% upper barrier on any trading day during the life of the notes, in which case investors will receive par.

Goldman Sachs & Co. LLC is the agent, with JPMorgan acting as placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500 index
Amount:	$8,625,000
Maturity:	May 9, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 27.28% unless the index closes below its lower barrier or above its upper barrier on any trading day during the life of the notes, in which case investors will receive par
Initial level:	4,061.22
Lower barrier:	80% of initial level
Upper barrier:	110% of initial level
Strike date:	May 4
Pricing date:	May 5
Settlement date:	May 10
Agent:	Goldman Sachs & Co. LLC, with JPMorgan as placement agent
Fees:	1%
Cusip:	40057RTX6

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