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Published on 3/4/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $11.14 million leveraged notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 4 – GS Finance Corp. priced $1.14 million of 0% leveraged index-linked notes due April 28, 2021 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of any index gain, up to the maximum settlement amount of $1,163.30 for each $1,000 note.

Investors will be fully exposed to any decline in the index.

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 index-linked notes
Underlying index:S&P 500
Amount:$11,141,000
Maturity:April 28, 2021
Coupon:0%
Price:Par
Payout at maturity:Par plus 300% of any index gain, up to maximum settlement amount of $1,163.30 for each $1,000 note; full exposure to loss
Initial level:2,954.22
Pricing date:Feb. 28
Settlement date:March 4
Agent:Goldman Sachs & Co. LLC
Fees:2.35%
Cusip:40056YP32

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