New Issue: GS Finance prices $1.1 million index-linked notes tied to S&P

By Sarah Lizee

Olympia, Wash., Dec. 31 – GS Finance Corp. priced $1.1 million of 0% index-linked notes due Dec. 23, 2022 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 closes above its initial level, the payout at maturity will be par plus the index return, capped at $1,390 per $1,000 note.

If the index falls by up to 25%, the payout will be par plus the absolute value of the index return.

Otherwise, investors will be fully exposed to the decline of the index.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500
Amount:	$1,101,000
Maturity:	Dec. 23, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the index closes above its initial level, par plus the index return, capped at $1,390 per $1,000 note; if the index falls by up to 25%, par plus the absolute value of the index return; otherwise, investors will be fully exposed to the decline of the index
Initial index level:	3,221.22
Pricing date:	Dec. 20
Settlement date:	Dec. 26
Agent:	Goldman Sachs & Co. LLC
Fees:	1.375%
Cusip:	40056XVQ6

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