New Issue: GS Finance sells $8.56 million capped airbag gears tied to S&P 500

By William Gullotti

Buffalo, N.Y., Nov. 4 – GS Finance Corp. priced $8.56 million of 0% capped airbag gears due Nov. 2, 2023 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 positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum settlement amount of 22.3%. Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% index decline beyond 10%.

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

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Capped airbag gears
Underlying index:	S&P 500
Amount:	$8,562,000
Maturity:	Nov. 2, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.5 times any index gain, capped at 22.3%; par if the index falls by up to 10%; 1.1111% loss for each 1% index decline beyond 10%
Initial level:	4,596.42
Buffer level:	90% of initial level
Pricing date:	Oct. 28
Settlement date:	Nov. 3
Underwriter:	Goldman Sachs & Co. LLC
Selling agent:	UBS Financial Services Inc.
Fees:	0%
Cusip:	36261U580

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