New Issue: GS Finance sells $3.2 million index-linked notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Nov. 7 – GS Finance Corp. priced $3.2 million of 0% index-linked notes due Nov. 4, 2020 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the return of each index is zero or positive, the payout at maturity will be par plus the return of the lesser performing index, up to a 26% maximum gain.

If either index falls but the return of each index is at least negative 25%, the payout will be par.

Investors will be lose 1% for each 1% decline of the lesser performing index beyond 25%.

Goldman, Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$3,195,000
Maturity:	Nov. 4, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus the return of the lesser performing index, up to a maximum gain of 26%; if either index falls but the return of each index is at least negative 25%, par; 1% loss for each 1% decline of lesser performing index beyond 25%
Initial index levels:	2,572.83 for S&P, 1,490.899 for Russell
Pricing date:	Oct. 30
Settlement date:	Nov. 2
Underwriter:	Goldman, Sachs & Co.
Fees:	0.55%
Cusip:	40054LYS7

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