New Issue: GS Finance sells $3.94 million capped buffer gears linked to S&P 500

By Kiku Steinfeld

Chicago, July 29 – GS Finance Corp. priced $3.94 million of 0% capped buffer gears due Jan. 27, 2022 linked 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 greater than zero, the payout at maturity will be par of $10 plus 1.5 times the index return, capped at par plus 15.65%. Investors will receive par if the index declines by 10% or less and lose 1% for every 1% that the index declines beyond 10%.

Goldman Sachs & Co. LLC is the agent. UBS Financial Services Inc. is the selling agent.

Issuer:	GS Finance Corp.
Issue:	Capped buffer gears
Underlying index:	S&P 500
Amount:	$3,939,000
Maturity:	Jan. 27, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index return is greater than zero, par plus 1.5 times the index return, capped at par plus 15.65%; par if the index declines by 10% or less; 1% loss for every 1% decline beyond 10%
Initial index level:	3,235.66
Buffer level:	90% of initial level
Pricing date:	July 23
Settlement date:	July 28
Agent:	Goldman Sachs & Co. LLC
Selling agent:	UBS Financial Services Inc.
Fees:	0.1%
Cusip:	36259J795

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