New Issue: GS Finance sells $5.49 million buffered notes tied to S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 5 – GS Finance Corp. priced $5,491,000 of 0% buffered index-linked notes due Jan. 31, 2023 tied 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.

If the index return is positive, the payout at maturity will be par plus the index return. Investors will receive par if the index falls by up to 25% and lose 1% for every 1% decline in the index beyond 25%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered index-linked notes
Underlying index:	S&P 500
Amount:	$5,491,000
Maturity:	Jan. 31, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus index return; par if index falls by up to 25%; 1% loss for every 1% decline in index beyond 25%
Initial index level:	2,872.87
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Underwriter:	Goldman, Sachs & Co.
Fees:	3.6%
Cusip:	40055AD46

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