New Issue: GS Finance sells $11.76 million bearish PLUS linked inversely to S&P

By Wendy Van Sickle

Columbus, Ohio, July 10 – GS Finance Corp. priced $11.76 million of 0% bearish Performance Leveraged Upside Securities due Jan. 3, 2024 linked inversely 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.

The payout at maturity will be par plus triple the absolute value of any index decline, up to a maximum payment of $1,340 per $1,000 security.

Investors will lose 1% for each 1% index gain, with a minimum payout of zero.

Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Bearish Performance Leveraged Upside Securities
Underlying index:	S&P 500 index
Amount:	$11,762,000
Maturity:	Jan. 3, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple the absolute value of any index decline, up to a maximum payment of $1,340 per $1,000 security; investors will lose 1% for each 1% index gain, with a minimum payout of zero
Initial level:	4,450.38
Pricing date:	June 30
Settlement date:	July 6
Agent:	Goldman Sachs & Co. LLC with Morgan Stanley Wealth Management handling distribution
Fees:	1.5%
Cusip:	40057TCA0

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