New Issue: Goldman Sachs sells $1.1 million buffered basket-linked notes on three indexes

By Kiku Steinfeld

Chicago, Nov. 7 – Goldman Sachs Group, Inc. priced $1.1 million of 0% buffered notes due Oct. 26, 2022 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 60% weight, the Russell 2000 index with a 20% weight and the S&P MidCap 400 index with a 20% weight.

The payout at maturity will be par plus any basket gain, subject to the maximum settlement amount of $1,240 per $1,000 principal amount of notes.

Investors will receive par if the basket finishes flat or falls by up to 20% and will lose 1% for every 1% decline beyond 20%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Buffered basket-linked notes
Underlying indexes:	S&P 500 (60%), Russell 2000 (20%) and S&P MidCap 400 (20%)
Amount:	$1,104,000
Maturity:	Oct. 26, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain, subject to maximum settlement amount of $1,240 per $1,000 principal amount of notes; par if basket finishes flat or falls by 20% or less; 1% loss for every 1% decline beyond 20%
Initial levels:	3,006.72 for S&P 500, 1,550.139 for Russell and 1,947.66 for S&P MidCap
Buffer level:	80% of initial level
Pricing date:	Oct. 21
Settlement date:	Oct. 24
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.5%
Cusip:	40056XKJ4

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