New Issue: GS Finance sells $2 million index-linked notes on S&P 500, Stoxx 50

By Kiku Steinfeld

Chicago, Sept. 3 – GS Finance Corp. priced $2 million of 0% index-linked notes due Aug. 22, 2024 linked to the least performing of the S&P 500 index and the Euro Stoxx 50 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 triple the return of the least performing index with a maximum return of par plus 53%.

If the least performing index falls by up to 25%, the payout will be par. Otherwise, investors will be fully exposed to any losses of the worst performing index from its initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	S&P 500 index, Euro Stoxx 50 index
Amount:	$2 million
Maturity:	Aug. 22, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus three times the return of the least performing index capped at par plus 53%; if any index falls but the final underlier level of each is greater than or equal to the 75% trigger buffer level, par; if any index falls by more than 25%, investors will be fully exposed to the decline of the worst performing index from its initial level
Initial levels:	4,405.80 for S&P, 4,124.71 for Stoxx
Trigger buffer levels:	75% of initial levels
Pricing date:	Aug. 19
Settlement date:	Aug. 24
Agent:	Goldman Sachs & Co. LLC
Fees:	2.75%
Cusip:	40057JAS5

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