New Issue: Goldman prices $3.43 million five-year buffered notes linked to S&P 500

By Susanna Moon

Chicago, Dec. 14 – GS Finance Corp. priced $3.43 million of 0% buffered notes due Nov. 30, 2023linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain.

Investors will receive par if the index falls by up to 26% and will lose 1% for each 1% decline beyond the buffer.

The notes are guaranteed by Goldman Sachs Group, Inc.

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:	$3,426,000
Maturity:	Nov. 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any index gain; par if index falls by up to 26%; otherwise, 1% loss per 1% decline beyond 26%
Initial level:	2,682.17
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Underwriter:	Goldman Sachs & Co. LLC
Fees:	4.475%
Cusip:	40056EE79

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