New Issue: GS Finance sells $1.92 million trigger jump securities on Amazon.com

Chicago, Dec. 18 – GS Finance Corp. priced $1.92 million of 0% trigger jump securities due Dec. 2, 2022 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the stock return is zero or positive, the payout at maturity will be par plus 31.2%.

The payout will be par if the stock declines by 30% or less. If the stock declines by more than 30%, investors will lose 1% for each 1% decline from the initial price.

Goldman Sachs & Co. is the agent, with Morgan Stanley Wealth Management handling distribution.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Trigger jump securities
Underlying stock:	Amazon.com, Inc.
Amount:	$1,924,350
Maturity:	Dec. 2, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the stock return is zero or positive, par plus 31.2%; par if the stock declines by 30% or less; otherwise, 1% loss for each 1% decline from the initial price
Initial price:	$1,800.80
Downside threshold:	$1,260.56, 70% of initial price
Pricing date:	Nov. 29
Settlement date:	Dec. 4
Underwriter:	Goldman, Sachs & Co.
Distribution:	Morgan Stanley Wealth Management
Fees:	2.675%
Cusip:	36259E440

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