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Published on 3/2/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $5.05 million allocation securities on index basket

By Kiku Steinfeld

Chicago, March 2 – GS Finance Corp. priced $5.05 million of 0% allocation securities due April 30, 2025 linked to a basket of the S&P 500 index, the Euro Stoxx 50 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The best performing of the indexes will be given a 75% weight, the second best will be given a 25%weight and the lowest-performing index will not count toward the basket performance.

The payout at maturity will be par of $10 plus any basket gain. Investors will be exposed to any losses.

Goldman Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Allocation securities
Underlying basket:S&P 500 index, Euro Stoxx 50 index and MSCI Emerging Markets index; best performer will be given a 75% weight, second best a 25% weight
Amount:$5,051,000
Maturity:April 30, 2025
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus the basket return, with full exposure to any losses
Initial levels:3,116.39 for S&P, 3,577.68 for Stoxx, 1,043.31 for EM
Pricing date:Feb. 26
Settlement date:Feb. 28
Underwriter:Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
Fees:3.85%
Cusip:36259H385

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