New Issue: GS Finance prices $3.43 million leveraged buffered index-linked notes on S&P 500

By William Gullotti

Buffalo, N.Y., Jan. 31 – GS Finance Corp. priced $3.43 million of 0% leveraged buffered index-linked notes due Dec. 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 return is positive, investors will receive par plus 200% of the index gain, capped at par plus 22.1%.

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.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P 500 index
Amount:	$3,431,000
Maturity:	Dec. 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of the index gain, capped at par plus 22.1%; if index return is flat or falls by up to 10%, par; 1% loss for every 1% decline beyond 10%
Initial index level:	4,839.81
Buffer level:	90% of initial level
Pricing date:	Jan. 19
Settlement date:	Jan. 24
Agent:	Goldman Sachs & Co. LLC
Fees:	0.77%
Cusip:	40057XRV9

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