New Issue: GS Finance sells $12.45 million index-linked notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 2 – GS Finance Corp. priced $12.45 million of 0% index-linked notes due Oct. 26, 2028 linked to the performance of 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 finishes at or above its 80% trigger buffer level, the payout will be par plus the absolute value of the index return.

Otherwise, investors will be fully exposed to the index’s decline beyond 20%.

Goldman Sachs & Co. LLC is the agent with JPMorgan as placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500 index
Amount:	$12,451,000
Maturity:	Oct. 26, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above initial level, par plus index return; if index falls by up to 20%, par plus absolute value of index return; exposure to losses beyond 20%
Initial level:	4,271.78
Trigger buffer level:	80% of initial levels
Pricing date:	April 22
Settlement date:	April 27
Agent:	Goldman Sachs & Co. LLC with JPMorgan as placement agent
Fees:	3.75%
Cusip:	40057LSL6

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