New Issue: Goldman Sachs prices $3.20 million of index-linked notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Nov. 24 – The Goldman Sachs Group, Inc. priced $3,199,000 of 0% index-linked notes due Nov. 30, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be the greater of the threshold settlement amount of $1,525 and par of $1,000 plus the index return.

If the index falls by up to 30%, the payout will be par. Otherwise investors will be fully exposed to losses.

Goldman Sachs & Co. is the agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlier:	S&P 500 index
Amount:	$3,199,000
Maturity:	Nov. 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	The greater of threshold settlement of $1,525 and par of $1,000 plus the index return; par for losses up to 30%; full exposure to loss if index declines beyond 30%
Pricing date:	Nov. 20
Settlement date:	Nov. 30
Underwriter:	Goldman Sachs & Co.
Fees:	3.625%
Cusip:	38148TH36

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