New Issue: GS Finance sells $2.05 million callable contingent coupon index-linked notes

By William Gullotti

Buffalo, N.Y., Oct. 12 – GS Finance Corp. priced $2.05 million of callable contingent coupon index-linked notes due Oct. 4, 2027 tied to the Dow Jones industrial average, the S&P 500 Value index and the Russell 2000 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 pay a contingent quarterly coupon at an annual rate of 7% if each index closes at or above the coupon trigger level, 70% of the initial level, on the valuation date for that period.

The notes may be called at par plus any coupon due on any quarterly call observation date after six months.

If the notes are not called and each index finishes at or above its coupon trigger level, the payout at maturity will be par plus the final coupon.

If the worst performer finishes below the coupon trigger but at or above its 60% trigger buffer level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Callable contingent coupon index-linked notes
Underlying indexes:	S&P 500 Value index, Russell 2000 Value index, Dow Jones industrial average
Amount:	$2,046,000
Maturity:	Oct. 4, 2027
Coupon:	7% annualized rate, payable quarterly if each index closes at or above coupon trigger level, on valuation date for that period
Price:	Par
Payout at maturity:	If all indexes finish at or above coupon trigger level, par plus final coupon; if worst performer finishes below coupon trigger but at or above trigger buffer level, par; otherwise, lose 1% for every 1% decline of worst performer from initial level
Call:	At par plus any coupon due on any quarterly call observation date after six months
Initial index levels:	1,461.86 for S&P Value, 2,423.335 for Russell Value, 34,390.72 for Dow
Trigger buffer levels:	60% of initial levels
Coupon trigger levels:	70% of initial levels
Pricing date:	Sept. 29
Settlement date:	Oct. 4
Agent:	Goldman Sachs & Co. LLC
Fees:	0.25%
Cusip:	40057JM60

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