New Issue: GS prices $1 million buffered index-linked notes tied to S&P

By Kiku Steinfeld

Chicago, May 25 – GS Finance Corp. priced $1 million of 0% buffered index-linked notes due Oct. 23, 2024 tied to 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.

If the index closes above its initial level, the payout at maturity will be $1,177.50 per $1,000 of notes.

If the index finishes flat or falls by up to 25%, investors will receive par plus 50% of the absolute value of the return of the index. Investors will lose 1.3333% for every 1% decline beyond 25%.

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 million
Maturity:	Oct. 23, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index closes at or above initial level, $1,177.50 per $1,000 of notes; if index finishes flat or falls by up to buffer level, par plus 50% of the absolute value of the return of the index; 1.3333% loss for every 1% decline beyond buffer
Initial index levels:	4,486.46
Buffer level:	75% of initial level
Pricing date:	Oct. 18, 2021
Settlement date:	Oct. 21, 2021
Agent:	Goldman Sachs & Co. LLC
Fees:	0%
Cusip:	40057JTQ9

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