New Issue: GS Finance sells $2.04 million index-linked notes on Russell, S&P

By William Gullotti

Buffalo, N.Y., March 7 – GS Finance Corp. priced $2.04 million of 0% index-linked notes due March 4, 2024 tied to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout will be par plus the laggard index’s return, subject to a maximum payout of par plus 30%.

If the worst performer declines but finishes at or above 85% of its initial level, the payout will be par plus the absolute value of the worst performer’s return.

If any index falls by more than 15%, investors will lose 1% for every 1% decline of the worst performer below the buffer.

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:	S&P 500 index, Russell 2000 index
Amount:	$2,035,000
Maturity:	March 4, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus the laggard index’s return capped at 30%; if worst performer declines but finishes at or above 85% of initial level, par plus the absolute value of that index’s return; otherwise, investors will lose 1% for every 1% decline of the worst underlier below 15%
Initial index levels:	4,373.94 for S&P, 2,048.089 for Russell
Trigger buffer levels:	85% of initial levels
Pricing date:	Feb. 28
Settlement date:	March 3
Agent:	Goldman Sachs & Co. LLC
Fees:	0.73%
Cusip:	40057L2E0

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