New Issue: GS Finance sells $20.1 million index-linked notes on S&P, Stoxx

By Wendy Van Sickle

Columbus, Ohio, April 29 – GS Finance Corp. priced $20.1 million of 0% index-linked notes due May 1, 2024 tied to the least performing of the Euro Stoxx 50 index and the S&P 500 index, 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 three times any gain of the lesser performing index, up to par plus 50.9%

If the least performing index finishes falls but not by more than 25%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the least performing index declines 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:	Euro Stoxx 50 index, S&P 500 index
Amount:	$20.1 million
Maturity:	May 1, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If both indexes finish at or above initial level, par plus three times lesser performing index gain, capped at par plus 50.9%; par if least performing index falls but not below 75% of its initial level; otherwise, 1% loss for every 1% decline of least performing index
Initial levels:	4,187.62 for S&P, 4,020.83 for Stoxx
Pricing date:	April 26
Settlement date:	April 29
Agent:	Goldman Sachs & Co. LLC
Fees:	2.75%
Cusip:	40057H3L2

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