New Issue: GS Finance sells $440,000 eight-year index-linked notes tied to S&P 500

By Marisa Wong

Morgantown, W.Va., Nov. 2 – GS Finance Corp. priced $440,000 of 0% index-linked notes due Oct. 29, 2026 tied 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 index return is positive, the payout at maturity will be par plus the index return, capped at $2,350 per $1,000 principal amount. Investors will receive par if the index finishes flat or falls.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500
Amount:	$440,000
Maturity:	Oct. 29, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at par plus 135%; par if index finishes flat or falls
Initial index level:	2,658.69
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Underwriter:	Goldman, Sachs & Co.
Fees:	4.4%
Cusip:	40056E3F3

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