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Published on 7/1/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $934,000 buffered basket-linked notes on indexes

By Wendy Van Sickle

Columbus, Ohio, July 1 – GS Finance Corp. priced $934,000 of 0% buffered notes due June 29, 2027 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Russell 2000 index with a 33.33% weight, the Dow Jones industrial average with a 33.33% weight and the Euro Stoxx 50 index with a 33.33% weight.

The payout at maturity will be par plus the basket gain.

Investors will receive par if the basket finishes flat or falls by up to 30% and will lose 1% for every 1% decline beyond 30%.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Buffered index-linked notes
Underlying indexes:Russell 2000 index with a 33.33% weight, the Dow Jones industrial average with a 33.33% weight and the Euro Stoxx 50 index with a 33.33% weight
Amount:$934,000
Maturity:June 29, 2027
Coupon:0%
Price:Par
Payout at maturity:If basket return is positive, par plus basket gain; par if basket finishes flat or declines by up to 30%; 1% loss for every 1% decline beyond 30%
Initial levels:25,445.94 for Dow, 3,196.12 for Stoxx, 1,389.741 for Russell
Buffer levels:70% of initial levels
Pricing date:June 24
Settlement date:June 29
Agent:Goldman Sachs & Co. LLC
Fees:0.9%
Cusip:40057CBC4

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