New Issue: GS Finance prices $500,000 leveraged buffered index-linked notes linked to S&P

Chicago, July 21 – GS Finance Corp. priced $500,000 of 0% leveraged buffered index-linked notes due July 18, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains the payout at maturity will be par plus 117% of the return of the index. The payout will be par if the index declines but by no more than the 20% buffer. Investors will lose 1% for every 1% that the index declines beyond the buffer.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P 500 index
Amount:	$500,000
Maturity:	July 18, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains par plus 117% of index return; par if index declines but by no more than 20% buffer; otherwise, par minus index decline beyond buffer
Initial level:	4,510.04
Buffer level:	80% of initial level
Buffer:	20%
Upside leverage:	117%
Cap:	None
Downside leverage:	100%
Pricing date:	July 13
Settlement date:	July 18
Agent:	Goldman Sachs & Co. LLC
Fees:	0.25%
Cusip:	40057TKP8

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