New Issue: GS Finance sells $299,000 leveraged buffered notes on S&P 500 Futures Excess Return

New York, Dec. 19 – GS Finance Corp. priced $299,000 of 0% leveraged buffered index-linked notes due Dec. 11, 2026 linked to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains the payout at maturity will be par plus 113.2% of the return of the index. The payout will be par if the index declines but by no more than the 20% buffer. Investors will lose 1% for every 1% that the index declines beyond the 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:	Leveraged buffered index-linked notes
Underlying index:	S&P 500 Futures Excess Return index
Amount:	$299,000
Maturity:	Dec. 11, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains par plus 113.2% of index return, par if index declines but by no more than 20% buffer; otherwise, par minus decline of index beyond buffer
Initial level:	408.97
Upside leverage:	113.2%
Buffer level:	80% of initial level
Cap:	None
Downside leverage:	100%
Pricing date:	Dec. 8
Settlement date:	Dec. 13
Agent:	Goldman Sachs & Co. LLC
Fees:	3.25%
Cusip:	40057XGW9

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