New Issue: GS Finance sells $3 million capped airbag gears tied to Russell 2000

By Marisa Wong

Morgantown, W.Va., Oct. 26 – GS Finance Corp. priced $3 million of 0% capped airbag gears due Oct. 21, 2021 linked to 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 index return is positive, the payout at maturity will be par plus 3 times the index return, subject to a maximum settlement amount of $1,307.50 per $1,000 principal amount. Investors will receive par if the index finishes flat or falls by up to 15% and will lose 1.1765% for each 1% that the index may decline beyond 15%.

Goldman, Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Capped airbag gears
Underlying index:	Russell 2000
Amount:	$3 million
Maturity:	Oct. 21, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, par plus 3 times the index return, subject to a maximum settlement amount of $1,307.50 per $1,000 principal amount; par if the index finishes flat or falls by up to 15%; 1.1765% loss for each 1% decline beyond 15%
Initial index level:	1,596.837 (closing price on Oct. 16)
Pricing date:	Oct. 17
Settlement date:	Oct. 22
Underwriter:	Goldman, Sachs & Co.
Fees:	1.675%
Cusip:	36256M437

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