New Issue: GS Finance sells $500,000 autocallable absolute return notes on S&P

Chicago, July 15 – GS Finance Corp. priced $500,000 of 0% autocallable absolute return notes due June 26, 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 closes below 80% of its initial level on any day during the life of the notes, the notes will be automatically called at par.

If the notes are not called and the index return is positive, the payout at maturity will be par plus the index gain, capped at $1,080 per $1,000 principal amount of notes. If the index falls by up to 20%, the payout will be par plus the absolute value of the index return. Otherwise, the payout will be par.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable absolute return notes
Underlying index:	S&P 500
Amount:	$500,000
Maturity:	June 26, 2023
Coupon:	0%
Price:	Par
Call:	Automatically at par if index closes below 80% of its initial level on any day during the life of the notes
Payout at maturity:	Par plus any index gain, capped at $1,080 per $1,000 principal amount of notes; if index falls by up to 20%, par plus the absolute value of the index return; otherwise, par
Initial index level:	2,950.46
Pricing date:	June 21
Settlement date:	June 26
Underwriter:	Goldman Sachs & Co. LLC
Fees:	3.05%
Cusip:	40056FPX7

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