New Issue: GS Finance sells $1.52 million leveraged participation market-linked notes on S&P

By William Gullotti

Buffalo, N.Y., Dec. 7 – GS Finance Corp. priced $1.52 million of 0% market-linked securities – leveraged upside participation to a cap and contingent downside due Dec. 5, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 250% of any gain in the index, subject to a maximum return of par plus 90%.

Investors will receive par if the index declines by no more than 20% and will be fully exposed to index decline if it declines beyond 20%.

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 – leveraged upside participation to a cap and contingent downside
Underlying:	S&P 500 index
Amount:	$1,522,000
Maturity:	Dec. 5, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 250% of any index gain, capped at par plus 90%; if index falls by up to 20%, par; otherwise, 1% loss for every 1% decline of index from initial level
Initial level:	4,080.11
Barrier level:	80% of initial level
Pricing date:	Nov. 30
Settlement date:	Dec. 5
Agent:	Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
Fees:	3.56%
Cusip:	40057NV20

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