New Issue: GS Finance prices $17.18 million dual directional trigger PLUS linked to S&P 500

New York, July 12 – GS Finance Corp. priced $17.18 million of 0% dual directional trigger PLUS due Oct. 5, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of par plus 14.35%.

Investors will receive a 1% gain for each 1% loss if the index declines but finishes at or above the 80% principal barrier and they will lose 1% for every 1% decline if the index ends below its principal barrier.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management acting as dealer.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Dual directional trigger PLUS
Underlying index:	S&P 500 index
Amount:	$17,176,840
Maturity:	Oct. 5, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to a maximum return of par plus 14.35%; 1% gain for each 1% loss if index declines but ends at or above principal barrier; otherwise, full exposure to index decline from initial level
Initial level:	3,785.38
Principal barrier:	3,028.304, 80% of initial level
Upside leverage:	200%
Cap:	14.35%
Pricing date:	June 30
Settlement date:	July 6
Agent:	Goldman Sachs & Co. LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	36264H750

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