New Issue: GS Finance prices $4.13 million leveraged buffered notes on Russell 2000

By William Gullotti

Buffalo, N.Y., Feb. 24 – GS Finance Corp. priced $4.13 million of 0% leveraged buffered index-linked notes due May 2, 2023 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is positive, the payout at maturity will be par plus three times the index gain, subject to a maximum return of $1,180 per $1,000 note.

Investors will receive par if the index falls by up to 10% and will share in losses at a rate of 1.1111% per 1% drop beyond the 10% buffer.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered index-linked notes
Underlying index:	Russell 2000
Amount:	$4,125,000
Maturity:	May 2, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus three times the index gain, capped at $1,180 per note; par if index falls by up to 10%; 1.1111% loss for every 1% decline beyond 10% buffer
Initial level:	2,239.627
Buffer level:	90% of initial level
Pricing date:	April 21, 2021
Settlement date:	April 28, 2021
Underwriter:	Goldman Sachs & Co. LLC
Fees:	1.5%
Cusip:	40057FZU1

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