New Issue: GS Finance sells $15.81 million callable fixed coupon notes on Russell, S&P, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, March 16 – GS Finance Corp. priced $15.81 million of 12.61% callable fixed coupon notes due March 16, 2023 linked to the Russell 2000 index, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

Interest is payable monthly.

After one year, the notes are callable at par on any monthly observation date.

If the notes are not called, the payout at maturity will be par unless any index finishes below its initial level and any index closes below its trigger level, 70% of its initial level, any day during the life of the notes, in which case investors will be exposed to the loss of the least performing index.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Callable fixed coupon notes
Underlying indexes:	Nasdaq-100, Russell 2000 and S&P 500
Amount:	$15,808,000
Maturity:	March 16, 2023
Coupon:	12.61% per year; payable monthly
Price:	Par
Payout at maturity:	Par unless any index finishes below initial level and any index ever closes below trigger level during life of notes, in which case exposure to loss of least performing index
Call option:	At par on any monthly observation date after one year
Initial index levels:	13,301.83 for Nasdaq, 4,204.31 for S&P, 1,979.668 for Russell
Trigger levels:	70% of initial values
Pricing date:	March 11
Settlement date:	March 16
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.25%
Cusip:	40057LAM3

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