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Published on 6/24/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $264,000 of leveraged notes on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, June 24 – GS Finance Corp. priced $264,000 of 0% leveraged index-linked notes due June 26, 2025 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 1.45 times the index return.

If the index falls by up to 30%, the payout will be par plus the absolute value of its return. Otherwise, investors will be fully exposed to the index decline.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged index-linked notes
Underlying index:Euro Stoxx 50 index
Amount:$264,000
Maturity:June 26, 2025
Coupon:0%
Price:Par
Payout at maturity:If the index return is positive, par plus 1.45 times the index return; if the index falls by up to 30%, par plus absolute value of its return; otherwise, full exposure to loss
Initial index level:3,269.1
Pricing date:June 19
Settlement date:June 26
Underwriter:Goldman Sachs & Co. LLC
Fees:0.35%
Cusip:40057CAA9

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