New Issue: GS prices $980,000 buffered index-linked notes tied to S&P

By Kiku Steinfeld

Chicago, Aug. 12 – GS Finance Corp. priced $980,000 of 0% buffered index-linked notes due July 31, 2025 tied 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 finishes above its initial level, the payout at maturity will be par plus the index return, capped at $1,575 per $1,000 of notes.

If the index finishes flat or falls by up to 15%, investors will receive par. Investors will lose 1% for every 1% decline beyond the buffer.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered index-linked notes
Underlying index:	S&P 500
Amount:	$980,000
Maturity:	July 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes above its initial level, par plus the index return, capped at $1,575 per $1,000 of notes; if the index finishes flat or falls by up to 15%, par; otherwise, 1% loss for every 1% decline beyond 15%
Initial index levels:	3,218.44
Buffer level:	85% of initial level
Pricing date:	July 28
Settlement date:	July 31
Agent:	Goldman Sachs & Co. LLC
Fees:	4.12%
Cusip:	40057CDS7

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