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Published on 9/14/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $25,000 notes on GS Momentum Builder Multi-Asset

By Kiku Steinfeld

Chicago, Sept. 14 – GS Finance Corp. priced $25,000 of 0% notes due Sept. 6, 2024 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is positive, the payout at maturity will be par plus the index gain. If the index return is negative, investors will lose 1% for every 1% that the index declines, subject to a minimum payout of $900 per $1,000 principal amount.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Notes
Underlying index:GS Momentum Builder Multi-Asset 5 ER index
Amount:$25,000
Maturity:Sept. 6, 2024
Coupon:0%
Price:Par
Payout at maturity:Par plus any index gain; exposure to any index decline, subject to minimum payout of $900 per $1,000 principal amount of notes
Initial index level:108.04
Pricing date:Aug. 31
Settlement date:Sept. 3
Agent:Goldman Sachs & Co. LLC
Fees:1.675%
Cusip:40057CKY6

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