New Issue: GS Finance sells $1.71 million index-linked notes on Russell, Dow, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, Nov. 12 – GS Finance Corp. priced $1.71 million of 0% index-linked notes due Oct. 31, 2025 tied to the least performing of the Nasdaq-100 index, the Russell 2000 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 payout at maturity will be par plus 1.42 times the least performing index return if each index finishes at or above its initial level, subject to the maximum settlement amount of $1,550 for each $1,000 face amount. If any index falls but not below 70% of its initial level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the least performing index declines beyond 30%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Nasdaq-100 index, Russell 2000 index, Dow Jones industrial average
Amount:	$1.71 million
Maturity:	Oct. 31, 2025
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 1.42 times least performing index return if each index finishes at or above its initial level, subject to the maximum settlement amount of $1,550 for each $1,000 face amount; par if any index falls but not below 70% of its initial level; otherwise, 1% loss for every 1% decline of least performing index beyond 30%
Initial levels:	11,142.76 for Nasdaq, 26,519.95 for Dow, 1,543.275 for Russell
Pricing date:	Oct. 28
Settlement date:	Nov. 2
Agent:	Goldman Sachs & Co. LLC
Fees:	0.55%
Cusip:	40057EHD2

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