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Published on 12/3/2019 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $372,000 leveraged buffered notes on Nasdaq-100 Technology Sector

By Wendy Van Sickle

Columbus, Ohio, Dec. 3 – GS Finance Corp. priced $372,000 of 0% leveraged buffered index-linked notes due Dec. 1, 2021 tied to the Nasdaq-100 Technology Sector index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index closes above its initial level, the payout at maturity will be par plus 2 times the gain, up to a maximum payout of $1,205 per $1,000 of notes.

If the index finishes flat or falls by up to 10%, investors will receive par. Otherwise, investors will lose 1% for every 1% decline beyond 10% of its initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged buffered index-linked notes
Underlying index:Nasdaq-100 Technology Sector
Amount:$372,000
Maturity:Dec. 1, 2021
Coupon:0%
Price:Par
Payout at maturity:If index closes above initial level, par plus 2 times gain, up to maximum settlement amount of $1,205 per $1,000 of notes; if index finishes flat or falls by up to 10%, par; 1% loss for every 1% decline beyond 10%
Initial index level:5,178.332
Buffer level:90% of initial level
Pricing date:Nov. 26
Settlement date:Dec. 2
Agent:Goldman Sachs & Co. LLC
Fees:1.2%
Cusip:40056XLY0

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