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Published on 1/30/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $1.29 million of leveraged index-linked notes on the Dow

By Sarah Lizee

Olympia, Wash., Jan. 30 – GS Finance Corp. priced $1.29 million of 0% leveraged index-linked notes due Feb. 2, 2026 tied to 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.

The payout at maturity will be par plus 1.35 times any index gain.

If the index return is zero or negative by up to 30%, the payout will be par plus the absolute value of the index return.

Otherwise, investors will be fully exposed to the decline of the index.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged index-linked notes
Underlying index:Dow Jones industrial average
Amount:$1,289,000
Maturity:Feb. 2, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.35 times any index gain; if the index return is zero or negative by up to 30%, par plus the absolute value of the index return; otherwise, investors will be fully exposed to the decline of the index
Initial index level:28,989.73
Barrier level:70% of initial levels
Pricing date:Jan. 24
Settlement date:Jan. 31
Agent:Goldman Sachs & Co. LLC
Fees:0.375%
Cusip:40056Y6Y5

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