New Issue: GS Finance sells $1.57 million autocallable index-linked notes on Value indexes

By Kiku Steinfeld

Chicago, July 15 – GS Finance Corp. priced $1.57 million of 0% autocallable index-linked notes due June 2, 2026 tied to the least performing of the Russell 2000 Value index and the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will be automatically called at par plus an annualized premium of 6.75% if each index closes above its initial level on any annual call date.

The payout at maturity will be par plus 33.75% if both indexes finish at or above their initial levels. The payout will be par if the least performing index falls by up to 30%. Otherwise, investors will lose 1% for every 1% that the least performing index declines.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable index-linked notes
Underlying indexes:	Russell 2000 Value index, S&P 500 Value index
Amount:	$1,573,000
Maturity:	June 2, 2026
Coupon:	0%
Price:	Par
Call:	At par plus 6.75% annualized premium if both indexes close above initial level on any annual call date
Payout at maturity:	Par plus 33.75% if both indexes finish at or above initial level; par if least performing index falls by up to 30%; otherwise, 1% loss for every 1% decline of least performing index
Initial levels:	4,188.13 for S&P, 2,420.110 for Russell
Trigger buffer levels:	70% of initial levels
Pricing date:	May 25
Settlement date:	May 28
Agent:	Goldman Sachs & Co. LLC
Fees:	4.2%
Cusip:	40057H6G0

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