New Issue: GS Finance sells $1.24 million index-linked notes on S&P 500, Russell

By Kiku Steinfeld

Chicago, July 15 – GS Finance Corp. priced $1.24 million of 0% index-linked notes due July 3, 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 return of each index is greater than or equal to its initial level, the payout will be par plus 1.47 times the return of the lesser performing index.

If the return of either index is negative but not by more than 50% of its initial level, the payout will be par.

Investors will be fully exposed to the decline of the lesser performing index beyond 50% of its initial level.

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:	$1,238,000
Maturity:	July 3, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is greater than or equal to initial level, par plus 1.47 times the lesser performing index return; if the return of either index is negative but not by more than 50% of initial level, par; otherwise, investors will be fully exposed to the decline of the lesser performing index
Initial levels:	2,941.76 for S&P and 1,566.572 for Russell
Trigger buffer level:	50% of initial level
Pricing date:	June 28
Settlement date:	July 3
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.91%
Cusip:	40056FMY8

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