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Published on 8/29/2019 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $1.54 million leveraged buffered notes linked to Dow

By Angela McDaniels

Tacoma, Wash., Aug. 29 – GS Finance Corp. priced $1.54 million of 0% leveraged buffered notes due March 3, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 123% of the index return. Investors will receive par if the index falls by up to 15% and lose 1% for every 1% that the index may decline beyond 15%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged buffered notes
Underlying index:Dow Jones industrial average
Amount:$1,536,000
Maturity:Aug. 30, 2024
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 123% of index return; par if index falls by up to 15%; 1% loss for every 1% decline in index beyond 15%
Initial level:25,777.90
Pricing date:Aug. 27
Settlement date:Aug. 30
Underwriter:Goldman Sachs & Co. LLC
Fees:3.68%
Cusip:40056FXR1

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