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Published on 6/17/2019 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $502,000 leveraged buffered notes tied to Euro Stoxx

By Marisa Wong

Morgantown, W.Va., June 17 – GS Finance Corp. priced $502,000 of 0% leveraged buffered index-linked notes due May 31, 2024 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par plus 2.1 times any index gain.

If the index finishes flat or falls by up to 25%, the payout will be par. Otherwise, investors will lose 1% for every 1% index decline beyond 25%.

Goldman, Sachs & Co. is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged buffered index-linked notes
Underlying index:Euro Stoxx 50
Amount:$502,000
Maturity:May 31, 2024
Coupon:0%
Price:Par
Payout at maturity:Par plus 2.1 times any index gain; par if index finishes flat or falls by up to 25%; otherwise, 1% loss for every 1% decline beyond 25%
Initial index level:3,348.86
Pricing date:May 28
Settlement date:May 31
Underwriter:Goldman, Sachs & Co.
Fees:4.57%
Cusip:40056FDZ5

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