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Published on 6/10/2019 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $2.83 million buffered PLUS linked to Topix

By Wendy Van Sickle

Columbus, Ohio, June 10 – GS Finance Corp. priced $2.83 million of 0% buffered Performance Leveraged Upside Securities due June 3, 2021 linked to the Topix index, according to a 424B2 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 of $10 plus double the index return, subject to a maximum return of 21.25%. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Buffered Performance Leveraged Upside Securities
Underlying index:Topix index
Amount:$2,832,850
Maturity:June 3, 2021
Coupon:0%
Price:Par of $10
Payout at maturity:If index return is positive, par plus 200% of index return, subject to 21.25% maximum return; par if index drops 15% or less; 1% loss for every 1% decline beyond 15%
Initial share price:1,512.28
Pricing date:May 31
Settlement date:June 5
Underwriter:Goldman Sachs & Co. LLC
Dealer:Morgan Stanley Wealth Management
Fees:2.65%
Cusip:36257D576

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