New Issue: GS Finance sells $1.46 million underlier-linked notes on indexes, ETF

By William Gullotti

Buffalo, N.Y., July 16 – GS Finance Corp. priced $1.46 million of 0% underlier-linked notes due June 5, 2029 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the Invesco S&P 500 High Beta ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will pay a quarterly contingent coupon of 6.2% annually if each underlier is at or above the coupon trigger level on the corresponding observation date.

At maturity, if each underlier finishes at or above the 60% trigger level, the payout will be par plus the final coupon. Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Callable contingent coupon underlier-linked notes
Underlying assets:	Nasdaq-100 index, Russell 2000 index, Invesco S&P 500 High Beta ETF
Amount:	$1,459,000
Maturity:	June 5, 2029
Coupon:	Payable quarterly at an annual rate of 6.2% if each underlier is at or above the coupon trigger level on the corresponding observation date
Price:	Par
Payout at maturity:	Par plus coupon if each underlier finishes above trigger level; otherwise, full exposure to decline of worst performer from initial level
Initial levels:	13,702.74 for Nasdaq, 2,249.274 for Russell, $75.85 for ETF
Trigger levels:	60% of initial levels
Pricing date:	May 26
Settlement date:	June 1
Underwriter:	Goldman Sachs & Co. LLC
Fees:	4.25%
Cusip:	40057HEH9

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