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

New Issue: GS Finance prices $215,000 leveraged buffered notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Aug. 29 – GS Finance Corp. priced $215,000 of 0% leveraged buffered notes due Aug. 30, 2024 linked to the Euro Stoxx 50 index, 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 185% of the index return. Investors will receive par if the index falls by up to 25% and lose 1% for every 1% that the index may decline beyond 25%.

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:Euro Stoxx 50
Amount:$215,000
Maturity:Aug. 30, 2024
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 185% of index return; par if index falls by up to 25%; 1% loss for every 1% decline in index beyond 25%
Initial level:3,370.47
Pricing date:Aug. 27
Settlement date:Aug. 30
Underwriter:Goldman Sachs & Co. LLC
Fees:4.35%
Cusip:40056FYZ2

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