New Issue: GS Finance sells $681,000 index-linked notes on S&P, Russell

By Kiku Steinfeld

Chicago, July 12 – GS Finance Corp. priced $681,000 of 0% index-linked notes due Feb. 29, 2024 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the return of each index is zero or positive, the payout at maturity will be par plus 2 times the return of the least performing index, up to $1,220 for each $1,000 face amount of notes.

If the least performing index falls by up to 15%, the payout will be par plus the lesser performing index return.

Otherwise, investors will be exposed to any losses of the lesser-performing index beyond 15%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$681,000
Maturity:	Feb. 29, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any gain in the least performing index up to $1,220 for each $1,000 face amount; if the least performing index falls by up to 15%, par plus return of the least performer; if either index falls by more than 15%, exposure to the decline of the least performer beyond 15%
Initial levels:	4,188.13 for S&P, 2,205.750 for Russell
Threshold level:	85% of initial levels
Pricing date:	May 25
Settlement date:	May 28
Agent:	Goldman Sachs & Co. LLC
Fees:	2.84%
Cusip:	40057H4W7

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