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Published on 9/27/2019 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $238,000 leveraged buffered notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Sept. 27 – GS Finance Corp. priced $238,000 of 0% leveraged buffered notes due March 30, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, up to par plus 19%. Investors will receive par if the index falls by up to 10% and lose 1% for every 1% that the index may decline beyond 10%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged buffered notes
Underlying index:S&P 500
Amount:$238,000
Maturity:March 30, 2022
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 200% of index return, up to par plus 19%; par if index falls by up to 10%; 1% loss for every 1% decline in index beyond 10%
Initial level:2,984.87
Pricing date:Sept. 25
Settlement date:Sept. 30
Underwriter:Goldman Sachs & Co. LLC
Fees:3.175%
Cusip:40056XBW5

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