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Published on 6/1/2020 in the Prospect News Structured Products Daily.

New Issue: GS prices $417,000 buffered index-linked notes on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, June 1 – GS Finance Corp. priced $417,000 of 0% buffered index-linked notes due May 30, 2025 tied to the Euro Stoxx index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index closes above its initial level, the payout at maturity will be par plus the index return.

If the index finishes flat or falls by up to 27.5%, investors will receive par. Investors will lose 1% for every 1% decline beyond the 27.5% buffer.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Buffered index-linked notes
Underlying index:Euro Stoxx 50
Amount:$417,000
Maturity:May 30, 2025
Coupon:0%
Price:Par
Payout at maturity:If the index closes above its initial level, par plus the index return; if the index finishes flat or falls by up to buffer level, par; otherwise, 1% loss for every 1% decline beyond the buffer
Initial index levels:2,999.22
Buffer level:72.5% of initial level
Pricing date:May 26
Settlement date:May 29
Agent:Goldman Sachs & Co. LLC
Fees:4.38%
Cusip:40057E7A9

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