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Published on 12/16/2019 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $197,000 leveraged buffered notes on Euro Stoxx 50

By Kiku Steinfeld

Chicago, Dec. 16 – GS Finance Corp. priced $197,000 of 0% leveraged buffered index-linked notes due Dec. 2, 2024 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 closes above its initial level, the payout at maturity will be par plus 2 times the gain.

If the index finishes flat or falls by up to 15%, investors will receive par. Investors will lose 1% for every 1% decline beyond 15%.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged buffered index-linked notes
Underlying index:Euro Stoxx 50
Amount:$197,000
Maturity:Dec. 2, 2024
Coupon: 0%
Price:Par
Payout at maturity:If index closes above its initial level, par plus 2 times gain; if index finishes flat or falls by up to 15%, par; 1% loss for every 1% decline beyond 15%
Initial index level:3,705.55
Buffer level:75% of initial level
Pricing date:Nov. 26
Settlement date:Dec. 2
Agent:Goldman Sachs & Co. LLC
Fees:1.24%
Cusip:40056XMB9

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