New Issue: GS Finance sells $458,000 leveraged buffered notes on Invesco S&P 500 High Beta

By Kiku Steinfeld

Chicago, July 12 – GS Finance Corp. priced $458,000 of 0% leveraged buffered notes due Feb. 29, 2024 tied to the Invesco S&P 500 High Beta ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the ETF finishes above its initial level, the payout at maturity will be par plus two times the gain, subject to a maximum payout of $1,275 per $1,000 note.

If the ETF finishes flat or falls by up to 10%, investors will receive par. Otherwise, investors will lose 1% for every 1% ETF decline beyond the 10% buffer.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered notes
Underlying ETF:	Invesco S&P 500 High Beta
Amount:	$458,000
Maturity:	Feb. 29, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus two times any ETF gain, capped at $1,275 per $1,000 note; par if ETF finishes flat or falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10% buffer
Initial value:	$74.87
Buffer level:	90% of initial level
Pricing date:	May 25
Settlement date:	May 28
Agent:	Goldman Sachs & Co. LLC
Fees:	3.13%
Cusip:	40057H7C8

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