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Published on 7/10/2019 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $206,000 index-linked notes on Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, July 10 – GS Finance Corp. priced $206,000 of 0% index-linked notes due July 3, 2024 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

At maturity, if the return of both indexes is greater than or equal to their initial levels, the payout will be par plus 37.5%.

If either index either index falls by up to 40%, the payout will be par plus the absolute value of the return of the lesser performing index.

Otherwise, investors will be exposed to any losses of the lesser performing index.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Index-linked notes
Underlying indexes:Russell 2000, S&P 500
Amount:$206,000
Maturity:July 3, 2024
Coupon:0%
Price:Par
Payout at maturity:If the return of both indexes is greater than or equal to their initial levels, par plus 37.5%; if either index either index falls by up to 40%, par plus the absolute value of the return of the lesser performing index; otherwise, exposure to any losses of the lesser performing index
Initial levels:2,941.76 for S&P and 1,566.572 for Russell
Pricing date:June 28
Settlement date:July 3
Agent:Goldman Sachs & Co. LLC
Fees:0.96%
Cusip:40056FML6

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