New Issue: GS Finance prices $1.07 million notes linked to S&P, Russell Value

By Kiku Steinfeld

Chicago, Jan. 27 – GS Finance Corp. priced $1.07 million of 0% digital index-linked notes due Aug. 31, 2026 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 finishes at or above its initial level, the payout will be par plus the return of the lesser performing index. If either index falls by up to 21.5%, the payout will be par. Investors will be exposed to any losses of the worst-performing index beyond 21.5%

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital index-linked notes
Underlying indexes:	S&P 500 index, Russell 2000 Value index
Amount:	$1,065,000
Maturity:	Aug. 31, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus the return of the lesser performing index; if either index falls by up to 21.5%, par; investors will be exposed to any losses of the worst-performing index beyond 21.5%
Initial index levels:	2,391.198 for Russell, 4,470.00 for S&P
Buffer level:	78.5% of initial level
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Underwriter:	Goldman Sachs & Co. LLC
Fees:	3%
Cusip:	40057JCY0

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