New Issue: GS Finance sells $3.79 million buffered PLUS linked to index basket

By Wendy Van Sickle

Columbus, Ohio, May 26 – GS Finance Corp. priced $3.79 million of 0% buffered Performance Leveraged Upside Securities due May 30, 2023 linked to an equally weighted basket containing the S&P 500 index, the Euro Stoxx 50 index and the Topix index, according to a 424B2 with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the basket return is positive, the payout at maturity will be par of $10 plus 200% of the basket return, capped at $19.05 per PLUS. Investors will receive par if the basket declines by 25% or less and will be exposed to losses beyond 25%.

Goldman Sachs & Co. is the underwriter. Morgan Stanley Wealth Management is acting as dealer.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered Performance Leveraged Upside Securities
Basket components:	S&P 500 index, Euro Stoxx 50 index and Topix index, equal weights
Amount:	$3,786,200
Maturity:	May 30, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If basket return is positive, par plus 200% of return, capped at $19.05 per PLUS; par if basket declines by 25% or less; exposure to losses beyond 25%
Initial levels:	3,586.62 for Stoxx, 2,404.39 for S&P, 1,575.11 for Topix
Pricing date:	May 24
Settlement date:	May 30
Underwriter:	Goldman Sachs & Co.
Dealer:	Morgan Stanley Wealth Management
Fees:	3.875%
Cusip:	36251V762

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