New Issue: GS Finance sells $1.72 million index-linked notes on S&P, Russell 2000 Value

By Kiku Steinfeld

Chicago, Dec. 6– GS Finance Corp. priced $1.72 million of 0% index-linked notes due Nov. 22, 2024 linked to the S&P 500 index and the Russell 2000 Value index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each index return is zero or positive, the payout at maturity will par plus 1.34 times the laggard index return.

If the laggard index falls by up to 20%, the payout will be par plus the absolute value of the laggard index return. If the laggard index falls by more than 20%, investors will be fully exposed to the decline of the laggard index.

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 Value index
Amount:	$1,716,000
Maturity:	Nov. 22, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If laggard index return is zero or positive, par 1.34 times laggard index return; if laggard index falls by up to 20%, par plus absolute value of laggard index return; otherwise, full exposure to losses of laggard index
Initial values:	4,697.96 for S&P, 2,545.964 for Russell
Pricing date:	Nov. 19
Settlement date:	Nov. 24
Agent:	Goldman, Sachs & Co. LLC
Fees:	1.2%
Cusip:	40057K4J9

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