New Issue: GS Finance sells $337,000 index-linked notes on Russell Value, S&P Value

By Kiku Steinfeld

Chicago, Jan. 20 – GS Finance Corp. priced $337,000 of 0% index-linked notes due Jan. 16, 2025 tied to the Russell 2000 Value index and the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each index finishes at or above its initial level, the payout at maturity will be par plus 1.47 times the lesser performing index’s return.

Otherwise, investors will lose 1% for every 1% decline of the lesser performing index from 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:	Russell 2000 Value, S&P 500 Value
Amount:	$337,000
Maturity:	Jan. 16, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 1.47 times lesser performing index’s return; otherwise, 1% loss for every 1% decline of lesser performing index
Initial index levels:	2,114.781 for Russell Value, 1,302.34 for S&P Value
Pricing date:	Jan. 13
Settlement date:	Jan. 19
Agent:	Goldman Sachs & Co. LLC
Fees:	4.1%
Cusip:	40057F4J0

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