New Issue: GS Finance sells $3.01 million index-linked notes tied to S&P 500 index

By Devika Patel

Knoxville, Tenn., March 22 – GS Finance Corp. priced $3.01 million of 0% notes due March 25, 2022 linked to 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 index return is positive, the payout at maturity will be the greater of 165 and par plus the index return. If the return is negative but the index does not fall by more than 30%, the payout will be par. Otherwise, investors will be exposed to any index decline from its initial level.

Goldman Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500
Amount:	$3,006,000
Maturity:	March 25, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, the greater of 165 and par plus index return; if index falls by up to 30%, par, otherwise, full exposure to any index decline
Initial index level:	2,049.58
Pricing date:	March 18
Settlement date:	March 28
Agent:	Goldman Sachs & Co.
Fees:	3.35%
Cusip:	40054K4G8

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