New Issue: GS Finance sells $300,000 index-linked notes on Russell, S&P

Chicago, Aug. 11 – GS Finance Corp. priced $300,000 of 0% index-linked notes due July 31, 2025 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 return of each index is zero or positive, the payout at maturity will be par plus 18.5%.

If the least performing index falls by up to 20%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline of the worst performer beyond 20%.

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:	$300,000
Maturity:	July 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus 18.5%; if any index falls but the final level of each is greater than or equal to the 20% buffer level, par; otherwise, 1% loss for every 1% decline of worst performer beyond 20% buffer
Initial levels:	1,980.355 for Russell, 4,566.75 for S&P
Buffer levels:	80% of initial levels
Pricing date:	July 26
Settlement date:	July 31
Agent:	Goldman Sachs & Co. LLC
Fees:	2.5%
Cusip:	40057TM76

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