GS Finance to price five-year buffer gears linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Nov. 16 – GS Finance Corp. plans to price 0% buffer gears due Nov. 30, 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 1.15 to 1.20 times the index gain. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that the index may decline beyond 20%.

Goldman Sachs & Co. is the underwriter.

The notes will price Nov. 17.

The Cusip number is 36254F368.

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