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Published on 9/5/2019 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $2.01 million index-linked notes tied to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Sept. 5 – GS Finance Corp. priced $2.01 million of 0% index-linked notes due Oct. 1, 2020 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If neither index ever closes below the trigger level, 70% of its initial level, any day during the life of the notes, the payout at maturity will be par plus 8.5%.

Otherwise, investors will be exposed to any loss of the lesser performing index or will receive par if the final return of each index is flat or positive.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Index-linked notes
Underlying indexes:S&P 500 index, Russell 2000 index
Amount:$2,012,000
Maturity:Oct. 1, 2020
Coupon:0%
Price:Par
Payout at maturity:Par plus 8.5% if neither index ever closes below 70% of initial level during life of notes; otherwise, exposure to any loss of least performing index or par if neither index finishes below initial level
Initial levels:2,887.94 for S&P and 1,472.713 for Russell
Pricing date:Aug. 28
Settlement date:Sept. 3
Underwriter:Goldman Sachs & Co. LLC
Fees:0.53%
Cusip:40056X4B9

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