New Issue: GS Finance prices $4.37 million buffered index-linked notes on S&P 500

By Taylor Fox

New York, Sept. 8 – GS Finance Corp. priced $4.37 million of 0% buffered index-linked notes due Oct. 5, 2021 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, the payout at maturity will be par plus the index return, capped at the maximum settlement amount of $1,074.6 for each $1,000 principal amount of notes.

Investors will receive par if the index falls by up to 20% and lose 1.25% for every 1% decline in the index beyond 20%.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered index-linked notes
Underlying index:	S&P 500
Amount:	$4,370,000
Maturity:	Oct. 5, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, par plus the index return capped at $1,074.6 for each $1,000 principal amount of notes; par if the index falls by up to 20%; 1.25% loss for every 1% decline in the index beyond 20%
Initial index level:	3,431.28
Buffer level:	80% of initial levels
Pricing date:	Aug. 24
Settlement date:	Aug. 31
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.91%
Cusip:	40057CNV9

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