New Issue: GS Finance sells $296,000 index-linked notes on S&P 500, S&P Value

By Taylor Fox

New York, Feb. 22 – GS Finance Corp. priced $296,000 of 0% index-linked notes due Feb. 1, 2024 tied to the S&P 500 index and the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.05 times the worst performer if each index finishes at or above its initial level. If either index falls but not below 90% of its initial level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the least performing index declines beyond the 10% buffer.

The notes are guaranteed by Goldman Sachs Group, Inc.

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 and S&P 500 Value index
Amount:	$296,000
Maturity:	Feb. 1, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.05 times worst performing index if each index finishes at or above its initial level; par if either index falls but neither index finishes below 90% of its initial level; otherwise, 1% loss for every 1% decline of least performing index beyond 10% buffer
Initial levels:	3,714.24 for S&P 500, 1,245.05 for S&P 500 Value
Trigger buffer levels:	90% of initial levels
Pricing date:	Jan. 29
Settlement date:	Feb. 3
Agent:	Goldman Sachs & Co. LLC
Fees:	1.675%
Cusip:	40057EWQ6

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