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Published on 9/14/2020 in the Prospect News Structured Products Daily.

New Issue: Goldman sells $145,000 leveraged buffered index-linked notes on Euro Stoxx 50

By Kiku Steinfeld

Chicago, Sept. 14 – GS Finance Corp. priced $145,000 of 0% leveraged buffered index-linked notes due Sept. 4, 2025 tied to the Euro Stoxx 50 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 125% of the index return. Investors will receive par if the index falls by up to 20% and lose 1% for every 1% decline in the index beyond 20%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman, Sachs & Co. is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged buffered index-linked notes
Underlying index:Euro Stoxx 50 index
Amount:$145,000
Maturity:Sept. 4, 2025
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 125% of the index return; par if index falls by up to 20%; 1% loss for every 1% decline in index beyond 20%
Initial index level:3,272.51
Buffer level:80% of initial level
Pricing date:Aug. 31
Settlement date:Sept. 3
Underwriter:Goldman, Sachs & Co.
Fees:0.85%
Cusip:40057CJX0

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