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Published on 2/8/2019 in the Prospect News Structured Products Daily.

New Issue: Goldman Sachs sells $12.06 million floating-rate notes due 2059

Chicago, Feb. 8 – GS Finance Corp. priced $12.06 million of floating-rate notes due Feb. 7, 2059, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The interest rate will Libor minus a spread of 30 basis points. Interest is payable quarterly and cannot be less than zero.

The notes are putable annually beginning in February 2022. The notes can be redeemed at 98 from Feb. 7, 2022 through Feb. 7, 2029, at 99 from Feb. 7, 2030 through Feb. 7, 2039 and at par thereafter.

The payout at maturity will be par.

Goldman Sachs & Co. is the agent.

Issuer:Goldman Sachs Group, Inc.
Issue:Floating-rate notes
Amount:$12,062,000
Maturity:Feb. 7, 2059
Coupon:Libor minus 30 bps, 0% floor; payable quarterly
Price:Par
Payout at maturity:Par
Put option:Annually starting Feb. 7, 2022; at 98 from Feb. 7, 2022 through Feb. 7, 2029, 99 from Feb. 7, 2030 through Feb. 7, 2039 and par thereafter
Pricing date:Feb. 4
Settlement date:Feb. 7
Underwriter:Goldman Sachs & Co.
Fees:1.9%
Cusip:40056EW87

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