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Published on 12/17/2019 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $2.26 million leveraged notes linked to Topix

By Wendy Van Sickle

Columbus, Ohio, Dec. 17 – GS Finance Corp. priced $2.26 million of 0% leveraged notes due Dec. 19, 2022 linked to the Topix 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 130.5% of the index return. Investors will receive par if the index falls by up to 35% and will be fully exposed to the loss if the index falls by more than 35%.

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 notes
Underlying index:Topix
Amount:$2,258,000
Maturity:Dec. 19, 2022
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 130.5% of index return; par if index falls by up to 35%; full exposure to loss if index falls by more than 35%
Initial level:1,714.95
Pricing date:Dec. 11
Settlement date:Dec. 18
Underwriter:Goldman Sachs & Co. LLC
Fees:0.25%
Cusip:40056XVE3

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