New Issue: GS Finance prices $680,000 five-year buffered notes tied to S&P 500

By Devika Patel

Knoxville, Tenn., March 23 – GS Finance Corp. priced $680,000 of 0% buffered notes due March 25, 2021 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is positive, the payout at maturity will be par plus the index return. If the index falls by up to 30%, the payout will be par. Investors will lose 1% for every 1% the index falls beyond 27%.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered notes
Underlying index:	S&P 500
Amount:	$680,000
Maturity:	March 25, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; par if index declines by up to 30%; 1% loss for every 1% index drops by more than 27%
Initial index level:	2,051.60
Pricing date:	March 21
Settlement date:	March 24
Agent:	Goldman Sachs & Co.
Fees:	1.6%
Cusip:	40054K5Y8

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