New Issue: GS Finance prices $6.89 million index-linked notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Nov. 27 – GS Finance Corp. priced $6.89 million of 0% index-linked notes due Dec. 9, 2020 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index closes above its initial level, finishes flat or falls by up to 18%, investors will receive par plus the absolute value of the return, subject to a maximum upside settlement amount of par plus 7%. Otherwise, investors will be fully exposed to the index decline.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500
Amount:	$6,885,000
Maturity:	Dec. 9, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 82% of initial level, par plus absolute value of its return, subject to a 7% maximum upside gain; otherwise, full exposure to decline
Initial index level:	3,110.29
Pricing date:	Nov. 22
Settlement date:	Nov. 27
Agent:	Goldman Sachs & Co. LLC
Fees:	3.625%
Cusip:	40056XQT6

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