New Issue: GS Finance sells $125,000 index-linked notes tied to the S&P 500 index

By Devika Patel

Knoxville, Tenn., Oct. 28 – GS Finance Corp. priced $125,000 of 0% notes due Oct. 29, 2020 linked to 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.

If the return is positive, the payout at maturity will be the greater of $1,255 and par plus the return. If the return is negative, but the index does not fall by more than 30%, the payout will be par. Otherwise, investors will lose 1% for each 1% decline from the initial level.

Goldman Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500
Amount:	$125,000
Maturity:	Oct. 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If return is positive, the greater of $1,255 and par plus the return; if index falls by up to 30%, par, otherwise 1% loss for each 1% decline
Initial index level:	2,139.43
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Underwriter:	Goldman, Sachs & Co.
Fees:	1.25%
Cusip:	40054KLK0

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