New Issue: GS Finance sells $740,000 index-linked notes on S&P 500, Russell

By Sarah Lizee

Olympia, Wash., July 2 – GS Finance Corp. priced $740,000 of 0% index-linked notes due March 30, 2022 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, capped at $1,170 per $1,000 of notes.

Otherwise, investors will lose 1% for every 1% decline of the lesser performing index, subject to a minimum payout of 95% of par.

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:	$740,000
Maturity:	March 30, 2022
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, capped at $1,170 per $1,000 of notes; otherwise, investors will lose 1% for every 1% decline of the lesser performing index, subject to a minimum payout of 95% of par
Initial levels:	2,917.38 for S&P and 1,521.035 for Russell
Pricing date:	June 25
Settlement date:	June 28
Underwriter:	Goldman Sachs & Co.
Fees:	2.925%
Cusip:	40056FM44

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