New Issue: GS Finance sells $110,000 leveraged notes tied to S&P 500

By Marisa Wong

Los Angeles, June 21 – GS Finance Corp. priced $110,000 of 0% leveraged index-linked notes due March 31, 2026 tied to 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.

If the index finishes above its initial level, the payout at maturity will be par plus 1.1 times the index gain.

If the index finishes flat or falls by up to 25%, the payout will be par. Otherwise, investors will lose 1% for every 1% index decline below the initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged index-linked notes
Underlying index:	S&P 500
Amount:	$110,000
Maturity:	March 31, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.1 times any index gain; if the index falls by up to 25%, par; otherwise, full exposure to index decline below initial level
Initial index level:	3,974.54
Pricing date:	March 26
Settlement date:	March 31
Agent:	Goldman Sachs & Co. LLC
Fees:	2.35%, including selling concession of up to 2%
Cusip:	40057FQ31

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