New Issue: GS Finance prices $3.17 million leveraged buffered index-linked notes on S&P 500 Value

By Kiku Steinfeld

Chicago, May 20 – GS Finance Corp. priced $3.17 million of 0% leveraged buffered index-linked notes due Nov. 1, 2023 tied to the S&P 500 Value 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, investors will receive par plus twice the index gain, capped at $1,180 per $1,000 of notes.

If the index return is flat or falls by up to 10%, investors will receive par. Investors will lose 1% for every 1% decline beyond 10%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P 500 Value index
Amount:	$3,168,000
Maturity:	Nov. 1, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus twice any index gain, capped at $1,180 per $1,000 of notes; if index return is flat or falls by up to 10%, par; 1% loss for every 1% decline beyond 10%
Initial index level:	1,440.71
Buffer level:	90% of initial level
Pricing date:	April 27
Settlement date:	April 30
Agent:	Goldman Sachs & Co. LLC
Fees:	3%
Cusip:	40057FUT9

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