New Issue: GS Finance sells $637,000 index-linked notes on S&P, Dow

Chicago, April 13 – GS Finance Corp. priced $637,000 of 0% index-linked notes due March 27, 2025 tied to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each index closes at or above its initial level, the payout will be par plus the 1.55 times the return of the lesser performing index.

If either index declines, but not more than 50%, the payout will be par.

If either index declines more than 50%, investors will be exposed to the losses of the worst performing index.

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, Dow Jones industrial average
Amount:	$637,000
Maturity:	March 27, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index closes at or above its initial level, par plus 1.55 times the return of the lesser performing index; par if either index declines, but worst performer declines less than 50%; full exposure to losses of worst performer if either index declines more than 50%
Initial index levels:	20,704.91 for Dow, 2,447.33 for S&P
Trigger buffer level:	50% of initial levels
Pricing date:	March 24
Settlement date:	March 27
Agent:	Goldman Sachs & Co. LLC
Fees:	0.85%
Cusip:	40056YWG5

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