New Issue: GS Finance sells $525,000 index-linked notes tied to S&P 500, Russell

By Sarah Lizee

Olympia, Wash., Dec. 10 – GS Finance Corp. priced $525,000 of 0% index-linked notes due Dec. 8, 2025 tied to the lesser 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 positive, the payout at maturity will be par plus 1.8 times the index return of the lesser performing index.

If the lesser performing index falls by up to 50%, the payout will be par.

Otherwise, investors will be fully exposed to the loss of the lesser performing index.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$525,000
Maturity:	Dec. 8, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If return of each index is positive, par plus 1.8 return of the lesser performing index; if the lesser performing index falls by up to 50%, par; otherwise, full exposure to the loss of the lesser performing index
Initial levels:	2,737.76 for S&P, 1,525.387 for Russell
Pricing date:	Dec. 3
Settlement date:	Dec. 6
Underwriter:	Goldman Sachs & Co.
Fees:	0.9%
Cusip:	40056EL63

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