New Issue: GS Finance sells $2.11 million index-linked notes on Russell, S&P, Dow

By Kiku Steinfeld

Chicago, Nov. 4 – GS Finance Corp. priced $2.11 million of 0% index-linked notes due Oct. 29, 2026 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, 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 the return of the least performing index.

If the least performing index falls by up to 30%, the payout will be par plus its absolute value. Otherwise, investors will lose 1% for every 1% decline of the worst performer.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Russell 2000 index, S&P 500 index, Dow Jones industrial average
Amount:	$2.11 million
Maturity:	Oct. 29, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus return of the least performing index; if any index falls but the final level of each is greater than or equal to 70% trigger level, par plus absolute value of least performing index; otherwise, investors will lose 1% for every 1% decline of the worst performer
Initial levels:	2,296.075 for Russell, 4,574.79 for S&P, 35,756.88 for Dow
Pricing date:	Oct. 26
Settlement date:	Oct. 29
Agent:	Goldman Sachs & Co. LLC
Fees:	3.98%
Cusip:	40057JNY8

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