New Issue: GS Finance sells $1.18 million buffered index-linked notes on S&P 500

By William Gullotti

Buffalo, N.Y., March 28 – GS Finance Corp. priced $1.18 million of 0% buffered index-linked notes due June 1, 2023 based on the performance of 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.

The payout at maturity will be par plus any index gain, up to the maximum settlement amount of $1,200 per $1,000 principal amount of notes.

If the index falls by up to 11.25%, the payout will be par.

Otherwise, investors will lose 1.1268% for every 1% decline beyond the 11.25% 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:	$1,175,000
Maturity:	June 1, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped $1,200 per $1,000 principal amount of notes; if index falls by up to 11.25%, par; otherwise, 1.1268% loss for every 1% decline beyond 11.25% buffer
Initial index level:	4,183.18
Buffer level:	88.75% of initial level
Pricing date:	April 28, 2021
Settlement date:	May 5, 2021
Agent:	Goldman Sachs & Co. LLC
Fees:	1.3%
Cusip:	40057H3H1

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