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Published on 8/5/2019 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $20,000 of index-linked notes on Stoxx

By Sarah Lizee

Olympia, Wash., Aug. 5 – GS Finance Corp. priced $20,000 of 0% index-linked notes due Aug. 12, 2020 tied to the Euro Stoxx 50 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 positive, the payout at maturity will be par plus the index return, capped at $1,070 per $1,000 of notes.

If the index declines by up to 82.75% of its initial level, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the index from its initial level.

Goldman Sachs & Co. LLC is the underwriter. JPMorgan is the placement agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Index-linked notes
Underlying index:Euro Stoxx 50 index
Amount:$20,000
Maturity:Aug. 12, 2020
Coupon:0%
Price:Par
Payout at maturity:If the index return is positive, par plus the index return, capped at $1,070 per $1,000 of notes; if the index declines by up to 82.75% of its initial level, par; otherwise, investors will be fully exposed to the decline of the index from its initial level
Initial index level:3,524.47
Pricing date:July 26
Settlement date:July 31
Underwriter:Goldman Sachs & Co. LLC
Placement agent:JPMorgan
Fees:1.1%
Cusip:40056FVS1

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