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Published on 3/4/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $60.03 million digital notes tied to Nasdaq-100

By Wendy Van Sickle

Columbus, Ohio, March 4 – GS Finance Corp. priced $60.03 million of 0% digital index-linked notes due May 11, 2021 tied to the Nasdaq-100 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 greater than or equal to 90% of its initial level, the payout at maturity will be par plus 10.07%.

If the index return is below negative 10%, investors will lose 1.1111% for every 1% decline of the index beyond 10%.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Digital index-linked notes
Underlying index:Nasdaq-100
Amount:$60,025,000
Maturity:May 11, 2021
Coupon:0%
Price:Par
Payout at maturity:If index return is greater than or equal to 90% of initial level, par plus 10.07%;otherwise, 1.1111% loss for each 1% loss beyond 10%
Initial level:8,577.965
Pricing date:March 2
Settlement date:March 9
Underwriter:Goldman, Sachs & Co. LLC
Fees:0.74%
Cusip:40056YPL2

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