New Issue: GS Finance sells $121,000 index-linked notes on S&P, Nasdaq, Dow

Chicago, Dec. 7 – GS Finance Corp. priced $121,000 of 0% index-linked notes due April 5, 2027 tied to the least performing of the Nasdaq-100 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout will be par plus 1.15 times the return of the least-performing index.

If the least-performing index falls by up to 35%, the payout will be par plus the absolute value of the least performing index.

Otherwise, investors will lose 1% for every 1% decline of the least-performing index.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Nasdaq-100 index, S&P 500 index, Dow Jones industrial average
Amount:	$121,000
Maturity:	April 5, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 1.15 times the least-performing index’s return; if the least-performing index falls by up to 35%, par plus absolute value of least performing index; otherwise, 1% loss for every 1% decline of the least-performing index
Initial index levels:	14,838.49 for Nasdaq, 4,530.41 for S&P and 34,678.35 for Dow
Trigger levels:	65% of initial levels
Pricing date:	March 31
Settlement date:	April 5
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.65%
Cusip:	40057LEU1

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