New Issue: GS Finance sells $1.59 million contingent upside participation market-linked notes on S&P

By William Gullotti

Buffalo, N.Y., Dec. 11 – GS Finance Corp. priced $1.59 million of 0% market-linked securities – upside participation with contingent minimum return, contingent absolute return and contingent downside due Nov. 2, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes flat or gains, the payout at maturity will be the greater of par plus 40% and par plus the index return.

Investors will gain 1% for each 1% decline if the index falls by no more than 20% and will lose 1% for every 1% decline if the index declines by more than 20%.

The securities are guaranteed by Goldman Sachs Group, Inc.

Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC are the agents.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Market-linked securities – upside participation with contingent minimum return, contingent absolute return and contingent downside
Underlying:	S&P 500 index
Amount:	$1,591,000
Maturity:	Nov. 2, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes flat or gains, greater of par plus 40% and par plus the index return; if index falls by up to 20%, par plus absolute value of index return; otherwise, 1% loss for every 1% decline of index from initial level
Initial level:	4,567.8
Threshold level:	80% of initial level
Pricing date:	Nov. 30
Settlement date:	Dec. 5
Agent:	Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC
Fees:	3.87%
Cusip:	40057WYQ4

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