New Issue: GS Finance sells $41.2 million leveraged market-linked notes on S&P 500

By Kiku Steinfeld

Chicago, July 23 – GS Finance Corp. priced $41.2 million of 0% market-linked securities with leveraged upside participation to a cap and 1-to-1 downside exposure principal at risk securities due Aug. 23, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of any index gain, capped at par plus 13%.

Otherwise, investors will lose 1% for every 1% decline of the index from its initial level

Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC are the agents.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Market-linked securities with leveraged upside participation to a cap and 1-to-1 downside exposure principal at risk securities
Underlying index:	S&P 500
Amount:	$41,200,000
Maturity:	Aug. 23, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any index gain, capped at par plus 13%; 1% loss for every 1% decline from initial level
Initial index level:	3,257.30
Pricing date:	July 21
Settlement date:	July 23
Agents:	Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
Fees:	1.85%
Cusip:	40057CGA3

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