New Issue: GS prices $1.3 million buffered index-linked notes tied to S&P

By Sarah Lizee

Olympia, Wash., Jan. 10 – GS Finance Corp. priced $1.3 million of 0% buffered index-linked notes due Jan. 6, 2022 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 closes above its initial level, the payout at maturity will be par plus the gain, capped at $1,250 per $1,000 of notes.

If the index finishes flat or falls by up to 10%, investors will receive par plus the absolute value of the return of the index. Investors will lose 1% for every 1% decline beyond 10%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered index-linked notes
Underlying index:	S&P 500
Amount:	$1,298,000
Maturity:	Jan. 6, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index closes above initial level, par plus gain, capped at $1,250 per $1,000 of notes; if index finishes flat or falls by up to 10%, par plus the absolute value of the return of the index; 1% loss for every 1% decline beyond 10%
Initial index levels:	3,257.85
Buffer level:	90% of initial level
Pricing date:	Jan. 3
Settlement date:	Jan. 8
Agent:	Goldman Sachs & Co. LLC
Fees:	0.4%
Cusip:	40056Y7B4

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