New Issue: GS Finance prices $3.55 million leveraged buffered notes linked to S&P 500

By Kiku Steinfeld

Chicago, Oct. 2 – GS Finance Corp. priced $3.55 million of 0% leveraged buffered notes due Aug. 25, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum payment of $1,297 per each $1,000 principal amount of notes.

Investors will receive par if the index falls by up to 15% and lose 1.1765% for every 1% decline of the index beyond the 15% buffer.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter and JPMorgan Securities LLC is the placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered notes
Underlying index:	S&P 500
Amount:	$3,545,000
Maturity:	Aug. 25, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 1.5 times index return, subject to a maximum payment of $1,297 per each $1,000 principal amount of notes; par if index falls by up to 15% of initial level; 1.1765% loss for every 1% decline of index beyond 15% decline
Initial level:	2,847.11
Pricing date:	Aug. 23
Settlement date:	Aug. 28
Placement agent:	JPMorgan Securities LLC
Underwriter:	Goldman Sachs & Co. LLC
Fees:	2.175%
Cusip:	40056X5E2

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