New Issue: GS Finance prices $9.31 million buffered PLUS linked to S&P 500

By Sarah Lizee

Olympia, Wash., March 20 – GS Finance Corp. priced $9.31 million of 0% buffered Performance Leveraged Upside Securities due Sept. 16, 2021 linked to the S&P 500 index, according to a 424B2 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 of $10 plus double the index return, subject to a maximum payout of $11.78 per note. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Goldman Sachs & Co. LLC 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
Underlying index:	S&P 500
Amount:	$9,312,000
Maturity:	Sept. 16, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to maximum payout of $11.78 per note; par if index drops 10% or less; 1% loss for every 1% decline beyond 10%
Initial index level:	2,711.02
Buffer level:	90% of initial level
Pricing date:	March 13
Settlement date:	March 18
Underwriter:	Goldman Sachs & Co. LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	1.95%
Cusip:	36259H617

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