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Published on 6/17/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $950,000 index-linked notes on S&P, Nasdaq, Dow

By Wendy Van Sickle

Columbus, Ohio, June 17 – GS Finance Corp. priced $950,000 of 0% index-linked notes due June 17, 2025 tied to the S&P 500 index, the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of 35% and the least performing index return.

If any index falls by up to 30%, the payout will be par plus the absolute value of the return of the least performing index.

If any index falls by more than 30%, investors will be fully exposed to the decline of the least performing index.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Index-linked notes
Underlying indexes:S&P 500 index, Nasdaq-100 index and Dow Jones industrial average
Amount:$950,000
Maturity:June 17, 2025
Coupon:0%
Price:Par
Payout at maturity:If each index finishes at or above its initial level, par plus greater of 35% and least performing index return; if any index falls by up to 30%, par plus the absolute value of the return of the least performing index; if any index falls by more than 30%, investors will be fully exposed to the decline of the least performing index
Initial index levels:3,041.31 for S&P, 9,663.774 for Nasdaq and 25,605.54 for Dow
Barrier levels:70% of initial levels
Pricing date:June 12
Settlement date:June 17
Agent:Goldman Sachs & Co. LLC
Fees:1.2%
Cusip:40057CB26

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