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Published on 2/11/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $428,000 leveraged buffered notes on Dow Jones U.S. Select Dividend

By Wendy Van Sickle

Columbus, Ohio, Feb. 11 – GS Finance Corp. priced $428,000 of 0% leveraged buffered notes due Feb. 5, 2025 linked to the Dow Jones U.S. Select Dividend 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 120% of the index return. If the index falls by up to 30%, the payout will be par plus the absolute value of its return. Investors will be exposed to losses of the index beyond 30%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged buffered notes
Underlying index:Dow Jones U.S. Select Dividend
Amount:$428,000
Maturity:Feb. 5, 2025
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 120% of index return; if index falls by up to 30%, par plus the absolute value of its return; exposure to loss beyond 30%
Initial level:740.89
Pricing date:Jan. 31
Settlement date:Feb. 5
Underwriter:Goldman Sachs & Co. LLC
Fees:1.23%
Cusip:40056XY67

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