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Published on 4/17/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $1 million index-linked notes on indexes

By Sarah Lizee

Olympia, Wash., April 17 – GS Finance Corp. priced $1 million of 0% index-linked notes due April 13, 2027 tied to the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each index finishes at or above its initial level, the payout will be par plus the return of the least performing index.

Otherwise, the payout will be par.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Index-linked notes
Underlying indexes:Dow Jones industrial average, Russell 2000 and S&P 500
Amount:$1 million
Maturity:April 13, 2027
Coupon:0%
Price:Par
Payout at maturity:If each index finishes at or above its initial level, par plus return of least performing index; otherwise, par
Initial levels:1,139.17 for S&P, 22,653.86 for Dow, 2,659.41 for S&P
Pricing date:April 8
Settlement date:April 13
Agent:Goldman Sachs & Co. LLC
Fees:0.4%
Cusip:40056YZ49

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