New Issue: GS Finance sells $2.14 million index-linked notes tied to the Dow

By Marisa Wong

Morgantown, W.Va., July 27 – GS Finance Corp. priced $2.14 million of 0% index-linked notes due July 28, 2023 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is zero or positive, the payout at maturity will be the greater of (a) the threshold settlement amount of $1,490 per $1,000 principal amount and (b) par plus the index return.

If the index return is negative but greater than or equal to negative 30%, the payout will be par.

If the index return is less than negative 30%, the payout will be par plus the index return with full exposure to losses.

Goldman, Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	Dow Jones industrial average
Amount:	$2,139,000
Maturity:	July 28, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is zero or positive, greater of (a) the threshold settlement amount of $1,490 per $1,000 principal amount and (b) par plus the index return; if the index return is negative but greater than or equal to negative 30%, par; if the index return is less than negative 30%, par plus the index return with full exposure to losses
Initial index level:	21,580.07
Pricing date:	July 21
Settlement date:	July 28
Underwriter:	Goldman, Sachs & Co.
Fees:	3.625%
Cusip:	40054LKT0

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