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Published on 9/9/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $204,000 buffered notes on S&P 500 Equal Weight index

By Marisa Wong

Los Angeles, Sept. 9 – GS Finance Corp. priced $204,000 of 0% buffered index-linked notes due Aug. 29, 2025 tied to the S&P 500 Equal Weight index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index finishes above its initial level, the payout at maturity will be par plus the gain, capped at par plus 60%.

If the index finishes flat or falls by up to 15%, investors will receive par. Otherwise, investors will lose 1% for every 1% decline beyond 15%.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Buffered index-linked notes
Underlying index:S&P 500 Equal Weight index
Amount:$204,000
Maturity:Aug. 29, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus any index gain, capped at par plus 60%; par if index finishes flat or falls by up to 15%; otherwise, 1% loss for every 1% decline beyond 15%
Initial index level:4,496.40
Pricing date:Aug. 26
Settlement date:Aug. 31
Agent:Goldman Sachs & Co. LLC
Fees:4.425%
Cusip:40057CJL6

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