New Issue: GS Finance sells $444,000 index-linked autocallables on Dow, Stoxx

By Wendy Van Sickle

Columbus, Ohio, July 6 – GS Finance Corp. priced $444,000 of 0% index-linked notes due July 2, 2025 tied to the lesser performing of the Euro Stoxx 50 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.

The notes will be called at par plus 11% a year if both indexes close at or above their initial level on any annual call date.

The payout at maturity will be par plus 55% if each index finishes at or above its initial level. If either index finishes below its initial level but neither index finishes below its 70% trigger level, the payout will be par. Otherwise, investors will be fully exposed to the decline of the lesser performing index.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked autocallable notes
Underlying indexes:	Euro Stoxx 50 index, Dow Jones industrial average
Amount:	$444,000
Maturity:	July 2, 2025
Coupon:	0%
Price:	Par of $1,000
Call:	At par plus 11% a year if both indexes close at or above their initial levels on any annual call date
Payout at maturity:	Par plus 55% if each index finishes at or above its initial level; if either index finishes below its initial level but neither index finishes below 70% trigger level, par; otherwise, full exposure to decline of lesser performing index
Initial levels:	3,218.91 for Stoxx, 25,745.6 for Dow
Pricing date:	June 25
Settlement date:	June 30
Agent:	Goldman Sachs & Co. LLC
Fees:	4.45%
Cusip:	40057C5L1

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