New Issue: GS Finance prices $422,000 buffered index-linked notes on S&P 500 Value

By Kiku Steinfeld

Chicago, July 14 – GS Finance Corp. priced $422,000 of 0% buffered index-linked notes due May 29, 2026 tied to the S&P 500 Value 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 $1,450 for each $1,000 principal amount of notes.

Investors will receive par if the index falls by up to 15% and lose 1% for every 1% decline in the index beyond 15%.

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 Value
Amount:	$422,000
Maturity:	May 29, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, par plus the index return capped at $1,450 for each $1,000 principal amount of notes; par if the index falls by up to 15%; 1% loss for every 1% decline in the index beyond 15%
Initial index level:	1,466.89
Buffer level:	85% of initial level
Pricing date:	May 25
Settlement date:	May 28
Underwriter:	Goldman Sachs & Co. LLC
Fees:	4.02%
Cusip:	40057H4J6

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