New Issue: GS Finance sells $76,000 index-linked notes on S&P 500, Russell

By Sarah Lizee

Olympia, Wash., April 1 – GS Finance Corp. priced $76,000 of 0% index-linked notes due March 29, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 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 of each index is equal to or greater than its initial level, the payout at maturity will be par plus 1.1 times the lesser performing index return.

If either index declines by up to 20%, the payout will be par plus the absolute value of the return of the lesser performing index.

Otherwise, investors will lose 1% for each 1% decline of the lesser performing index beyond 20%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$76,000
Maturity:	March 29, 2024
Coupon: 0%
Price:	Par
Payout at maturity:	If the index return of each index is greater than its initial level, par plus 1.1 times the lesser performing index return; if either index declines by up to 20%, par plus the absolute value of the return of the lesser performing index; otherwise, 1% loss for each 1% decline of the lesser performing index beyond 20%
Initial levels:	2,818.46 for S&P and 1,528.166 for Russell
Pricing date:	March 26
Settlement date:	March 29
Underwriter:	Goldman Sachs & Co. LLC
Fees:	4.1%
Cusip:	40056EZ84

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