New Issue: GS Finance prices $1.08 million leveraged buffered notes linked to S&P 500 Futures

Chicago, March 18 – GS Finance Corp. priced $1.08 million of 0% leveraged buffered index-linked notes due March 4, 2027 linked to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains the payout at maturity will be par plus 128% of the return of the index. The payout will be par plus the absolute return of the index if it declines but by no more than the 20% buffer. Investors will lose any index decline beyond the buffer.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P 500 Futures Excess Return index
Amount:	$1,077,000
Maturity:	March 4, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains par plus 128% of index return; par plus absolute return of index if it declines but by no more than 20% buffer; otherwise, par minus index decline beyond buffer
Initial level:	451.59
Upside leverage:	128%
Cap:	None
Buffer:	20%
Downside leverage:	100%
Pricing date:	March 1
Settlement date:	March 6
Agent:	Goldman Sachs & Co. LLC
Fees:	0%
Cusip:	40057YHQ9

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