New Issue: GS Finance sells $2.38 million market-linked leveraged upside participation notes on S&P

By Wendy Van Sickle

Columbus, Ohio, Nov. 19 – GS Finance Corp. priced $2.38 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due May 3, 2024 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 200% of any gain up to $1,159 for each $1,000 face amount of notes.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond the buffer.

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 – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	S&P 500 index
Amount:	$2,378,000
Maturity:	May 3, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any gain up to $1,159 for each $1,000 face amount of notes; par if index falls by up to 10%; 1% loss for each 1% decline beyond 10%
Initial level:	4,605.38
Buffer level:	90% of initial level
Pricing date:	Oct. 29
Settlement date:	Nov. 3
Agents:	Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
Fees:	2.975%
Cusip:	40057JQ25

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