New Issue: GS Finance sells $50,000 contingent coupon notes on Nasdaq, Russell

By Kiku Steinfeld

Chicago, June 21 – GS Finance Corp. priced $50,000 of contingent coupon index-linked notes due May 30, 2023 linked to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

Each six months, the notes pay a contingent coupon at an annualized rate of 7% if each index closes at or above 75% of its initial level on the observation date for that period.

The payout at maturity will be par unless the least-performing index finishes below its barrier value, 75% of its initial level, in which case investors will be exposed to the least-performing index’s decline from its initial level.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Contingent coupon index-linked notes
Underlying indexes:	Russell 2000 index and Nasdaq-100 index
Amount:	$50,000
Maturity:	May 30, 2023
Coupon:	7% per year, payable every six months if each index closes at or above its 75% coupon barrier level on the observation date for that period
Price:	Par
Payout at maturity:	Par unless least-performing index finishes below its barrier value, in which case full exposure to losses of least- performer
Initial levels:	13,411.74 for Nasdaq and 2,215.268 for Russell
Barrier levels:	75% of initial levels
Pricing date:	May 21
Settlement date:	May 26
Underwriter:	Goldman Sachs & Co. LLC
Fees:	None
Cusip:	40057H7M6

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