New Issue: GS Finance prices $2.59 million bearish index-linked notes on Nasdaq-100

By William Gullotti

Buffalo, N.Y., March 4 – GS Finance Corp. priced $2.59 million of 0% bearish index-linked notes due April 6, 2023 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or below its initial level, the payout at maturity will be par plus the absolute value of the index return, subject to a maximum payout of par plus 50%

Otherwise, investors will lose 1% for every 1% of index gain.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc
Issue:	Bearish index-linked notes
Underlying index:	Nasdaq-100 index
Amount:	$2,586,000
Maturity:	April 6, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes flat or declines, par plus the absolute value of the index return, up to maximum payout of par plus 50%; otherwise, 1% loss for every 1% increase of the index from initial level
Initial index level:	14,005.99
Pricing date:	March 1
Settlement date:	March 4
Underwriter:	Goldman Sachs & Co. LLC
Fees:	1.93%
Cusip:	40057L7C9

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