New Issue: GS Finance sells $4.5 million index-linked notes on Dow, S&P

By Wendy Van Sickle

Columbus, Ohio, Nov. 11 – GS Finance Corp. priced $4.5 million of 0% index-linked notes due Nov. 9, 2023 tied to the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the return of the laggard index if each index finishes at or above its initial level, up to $1,500.40 per $1,000 note.

Investors will receive par plus the absolute value of the laggard index return if the laggard index falls by up to 10%. Otherwise, investors will lose 1% for every 1% that the least performing index declines beyond 10%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Dow Jones industrial average, S&P 500 index
Amount:	$4,501,000
Maturity:	Nov. 9, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus the return of the laggard index if each index finishes at or above its initial level, up to $1,500.40 per note; par plus absolute value of laggard index return if it falls by up to buffer; if either index falls by over 10%, 1% loss for each 1% decline beyond the buffer
Initial index levels:	4,697.53 for S&P, 36,327.95 for Dow
Buffer levels:	90% of initial levels
Pricing date:	Nov. 5
Settlement date:	Nov. 10
Agent:	Goldman Sachs & Co. LLC
Fees:	0.15%
Cusip:	40057JTU0

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