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Published on 6/8/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $1.27 million index-linked notes on S&P, Nasdaq, Dow

By Sarah Lizee

Olympia, Wash., June 8 – GS Finance Corp. priced $1.27 million of 0% index-linked notes due June 3, 2025 tied to the S&P 500 index, the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each index finishes at or above its initial level, the payout at maturity will be par plus 190% of the least performing index return.

If any index falls by up to 30%, the payout will be par.

If any index falls by more than 30%, investors will be fully exposed to the decline of the least performing index.

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, Nasdaq-100 index and Dow Jones industrial average
Amount:$1,268,000
Maturity:June 3, 2025
Coupon:0%
Price:Par
Payout at maturity:If each index finishes at or above its initial level, par plus 190% of the least performing index return; if any index falls by up to 30%, par; if any index falls by more than 30%, investors will be fully exposed to the decline of the least performing index
Initial index levels:3,044.31 for S&P, 9,555.524 for Nasdaq, 25,383.11 for Dow
Barrier levels:70% of initial levels
Pricing date:May 29
Settlement date:June 3
Agent:Goldman Sachs & Co. LLC
Fees:1.22%
Cusip:40057E5V5

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