New Issue: GS Finance sells $3.78 million contingent market-linked notes tied to S&P

By William Gullotti

Buffalo, N.Y., Dec. 6 – GS Finance Corp. priced $3.78 million of 0% market-linked securities – contingent fixed return and contingent downside due Dec. 5, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes flat or gains, the payout at maturity will be par plus 27%.

If the index falls by up to 30%, the payout will be par. Otherwise, investors will be exposed to the index’s decline from its initial level.

The securities are guaranteed by Goldman Sachs Group, Inc.

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 – contingent fixed return and contingent downside
Underlying:	S&P 500 index
Amount:	$3,777,000
Maturity:	Dec. 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes flat or gains, par plus 27%; if index falls by up to 30%, par; otherwise, 1% loss for every 1% decline of index from initial level
Initial level:	4,080.11
Threshold level:	70% of initial level
Pricing date:	Nov. 30
Settlement date:	Dec. 5
Agent:	Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
Fees:	2.325%
Cusip:	40057NV38

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