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Published on 3/4/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $2.7 million index-linked notes on Russell, S&P

Chicago, March 4 – GS Finance Corp. priced $2.7 million of 0% index-linked notes due March 3, 2022 tied to the Russell 2000 index and the S&P 500 index, 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 will be the threshold settlement amount of $1,195 per $1,000 of note.

If the lesser performing index falls by up to 15%, investors will receive par plus the absolute value of that index’s return. Investors will lose 1% for each 1% loss of any loss of the lesser performing index if it finishes beyond 15%.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Index-linked notes
Underlying indexes:Russell 2000 and S&P 500
Amount:$2,695,000
Maturity:March 3, 2022
Coupon:0%
Price:Par
Payout at maturity:If each index finishes at or above initial level, threshold settlement amount of $1,195 per $1,000 of note.; if lesser performing index falls by up to 15%, par plus absolute value of its return; 1% loss for each 1% decline if lesser performing index finishes beyond 15%
Initial levels:1,552.761 for Russell, 3,116.39 for S&P
Buffer level:85% of initial level
Pricing date:Feb. 26
Settlement date:March 2
Agent:Goldman Sachs & Co. LLC
Fees:0.975%
Cusip:40056YJV7

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