New Issue: GS Finance sells $1.86 million buffered index-linked notes on S&P 500

By William Gullotti

Buffalo, N.Y., Feb. 24 – GS Finance Corp. priced $1.86 million of 0% buffered index-linked notes due April 28, 2026 based on the performance of 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.

The payout at maturity will be par plus any index gain, capped at $2,060 per $1,000 note.

If the index falls by up to 15%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline beyond 15%.

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:	$1,855,000
Maturity:	April 28, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain capped at $2,060 per $1,000 note; if index falls by up to 15%, par; 1% loss for every 1% decline beyond 15%
Initial index level:	4,180.17
Buffer level:	85% of initial level
Pricing date:	April 23, 2021
Settlement date:	April 28, 2021
Agent:	Goldman, Sachs & Co. LLC
Fees:	0.25%
Cusip:	40057H3R9

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