New Issue: GS Finance prices $750,000 2% buffered notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Aug. 1 – GS Finance Corp. priced $750,000 of 2% buffered notes due Aug. 2, 2021 linked to 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.

The coupon is payable annually.

If the index return is positive, the payout at maturity will be par plus the index return up to a maximum settlement of $1,200 per $1,000 note.

If the index return is zero or negative but not below negative 20%, the payout will be par.

If the index return is less than negative 20%, investors will lose 1% for every 1% decline beyond 20%.

Goldman Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered notes
Underlying index:	S&P 500
Amount:	$750,000
Maturity:	Aug. 2, 2021
Coupon:	2%, payable annually
Price:	Par
Payout at maturity:	If index return is positive, par plus gain, up to $1,200 per $1,000 note; if index return is zero or negative but at least negative 20%, par; if index return is less than negative 20%, 1% loss for every 1% decline beyond 20%
Initial level:	2,170.06
Pricing date:	July 28
Settlement date:	Aug. 2
Agent:	Goldman, Sachs & Co.
Fees:	2.3%
Cusip:	40054KGB6

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