New Issue: Goldman prices $2.43 million trigger performance notes tied to Bloomberg Commodity

By Marisa Wong

Morgantown, W.Va., Nov. 10 – Goldman Sachs Group, Inc. priced $2.43 million of 0% trigger performance securities due Nov. 4, 2025 linked to the Bloomberg Commodity Index 3 Month Forward, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 210% of the index return.

If the index return is zero or negative and the index’s final level is greater than or equal to the trigger level, 70% of the initial level, the payout will be par.

If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.

Goldman, Sachs & Co. is the agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Trigger performance securities
Underlying index:	Bloomberg Commodity Index 3 Month Forward
Amount:	$2,426,400
Maturity:	Nov. 4, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 210% of index return; if index return is zero or negative and index’s final level is greater than or equal to trigger level, par; if final level is less than trigger level, full exposure to decline in index from its initial level
Initial index level:	197.3131
Trigger level:	138.12, 70% of initial level
Pricing date:	Oct. 28
Settlement date:	Oct. 30
Agent:	Goldman, Sachs & Co.
Fees:	5.45%
Cusip:	38148X282

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