New Issue: GS Finance sells $1.37 million buffer gears linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Nov. 30 – GS Finance Corp. priced $1.37 million of 0% buffer gears due Nov. 30, 2022 linked 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.

If the index return is positive, the payout at maturity will be par of $10 plus 1.2 times the index gain. Investors will receive par if the index declines by 20% or less and lose 1% for every 1% that the index may decline beyond 20%.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffer gears
Underlying index:	S&P 500
Amount:	$1,371,900
Maturity:	Nov. 30, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.2 times any index gain; par if index declines by 20% or less; 1% loss for every 1% index decline beyond 20%
Initial index level:	2,578.85
Pricing date:	Nov. 17
Settlement date:	Nov. 22
Underwriter:	Goldman Sachs & Co.
Fees:	0.35%
Cusip:	36254F368

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