New Issue: GS Finance sells $862,000 five-year buffered notes tied to S&P 500

By Marisa Wong

Morgantown, W.Va., April 11 – GS Finance Corp. priced $862,000 of 0% buffered notes due March 30, 2023 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 plus the index return. Investors will receive par if the index falls by up to 21% and lose 1% for every 1% decline in the index beyond 21%.

Goldman, Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered notes
Underlying index:	S&P 500
Amount:	$862,000
Maturity:	March 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; par if index falls by up to 21%; 1% loss for every 1% decline in the index beyond 21%
Initial index level:	2,658.55
Pricing date:	March 26
Settlement date:	March 29
Underwriter:	Goldman, Sachs & Co. LLC
Fees:	4.475%
Cusip:	40055AQ59

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