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Published on 6/8/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $4.13 million digital notes linked to S&P 500

By Marisa Wong

Los Angeles, June 8 – GS Finance Corp. priced $4.13 million of 0% digital index-linked notes due May 24, 2022 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is greater than or equal to negative 20%, the payout will be par plus 10.9%.

If the index return is less than negative 20%, investors will lose 1.25% for every 1% index decline beyond 20%.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Digital index-linked notes
Underlying index:S&P 500 index
Amount:$4,125,000
Maturity:May 24, 2022
Coupon:0%
Price:Par
Payout at maturity:If index gains, finishes flat or falls by up to 20%, par plus 10.9%; otherwise, 1.25% loss for every 1% index decline beyond 20%
Initial index level:2,971.61
Pricing date:May 20
Settlement date:May 28
Agent:Goldman Sachs & Co. LLC
Fees:1.45%
Cusip:40057C2U4

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