New Issue: GS Finance prices $1.08 million dual directional trigger jump notes on S&P

By William Gullotti

Buffalo, N.Y., April 4 – GS Finance Corp. priced $1.08 million of 0% dual directional trigger jump securities due May 4, 2023 linked to the performance of 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 finishes at or above its initial level, the payout at maturity will be par plus 11.5%.

If the final index level declines, but not below 80% of its initial level, the payout will be par plus the absolute value of the index return.

If the index finishes below the downside threshold value, investors will lose 1% for every 1% that the index declines from its initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Dual directional trigger jump securities
Underlying index:	S&P 500
Amount:	$1,075,000
Maturity:	May 4, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index finishes at or above its initial index level, par plus 11.5%; if the final index level is less than the initial level but greater than or equal to 80% of its initial value, par plus the absolute value of the return; otherwise, 1% loss for every 1% that the index declines from its initial level
Initial level:	4,181.17
Downside threshold level:	3,344.936; 80% of initial level
Pricing date:	April 30, 2021
Settlement date:	May 5, 2021
Agent:	Goldman Sachs & Co. LLC
Fees:	1.5%
Cusip:	36260W686

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