New Issue: GS Finance sells $301,000 index-linked notes on Stoxx, S&P

By Sarah Lizee

Olympia, Wash., Dec. 12 – GS Finance Corp. priced $301,000 of 0% index-linked notes due Dec. 1, 2022 tied to the Euro Stoxx 50 index and 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 each index finishes at or its initial level, the payout at maturity will be par plus the return of the lesser performing index.

If the lesser performing index falls by up to 20%, the payout will be par.

If either index falls by more than 20%, investors will lose 1% for every 1% decline of the lesser performing index beyond 20%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Euro Stoxx 50 and S&P 500
Amount:	$301,000
Maturity:	Dec. 1, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or its initial level, par plus the return of the lesser performing index; if the lesser performing index falls by up to 20%, par; if either index falls by more than 20%, investors will lose 1% for every 1% decline of the lesser performing index beyond 20%
Initial levels:	The lowest of the closing levels of each underlier on the observation dates, which are the 26th of each month until April 26, 2020
Pricing date:	Nov. 26
Settlement date:	Dec 2
Agent:	Goldman Sachs & Co. LLC
Fees:	1.675%
Cusip:	40056XLG9

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