New Issue: GS Finance prices $234,000 buffered notes on commodity basket

By Kiku Steinfeld

Chicago, July 10 – GS Finance Corp. priced $234,000 of 0% buffered basket commodity-linked notes due Aug. 20, 2024 linked to the performance of an equally-weighted basket of commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of West Texas Intermediate light sweet crude oil futures contract, ICE Brent Crude futures contract, corn futures contract, soybean futures contract, gold and copper.

The payout at maturity will be par plus any basket gain. If the basket falls by no more than 20% of its initial level, the payout will be par. Otherwise, investors will be exposed to all losses of the basket beyond 20%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered basket commodity-linked notes
Underlying components:	West Texas Intermediate light sweet crude oil futures contract, ICE Brent Crude futures contract, corn futures contract, soybean futures contract, gold and copper; equal weights
Amount:	$234,000
Maturity:	Aug. 20, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain; if basket falls by no more than 20%, par; otherwise, exposure to losses of basket beyond 20%
Initial level:	$15.2575 for soybeans, $6.7625 for corn, $8,826.00 for copper, $85.38 for Brent, $1,831.20 for gold, $78.59 for WTI
Buffer level:	80% of initial basket level
Pricing date:	Feb. 15
Settlement date:	Feb. 21
Agent:	Goldman Sachs & Co. LLC
Fees:	0.25%
Cusip:	40057PLL4

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