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Published on 6/11/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $2.37 million index-linked notes on S&P, Russell, Dow

By Sarah Lizee

Olympia, Wash., June 11 – GS Finance Corp. priced $2.37 million of 0% index-linked notes due June 10, 2026 tied to the S&P 500 index, the Russell 2000 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 the least performing index return.

If any index falls by up to 40%, the payout will be par plus the absolute value of the return of the least performing index.

If any index falls by more than 40%, 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, Russell 2000 index and Dow Jones industrial average
Amount:$2,373,000
Maturity:June 10, 2026
Coupon:0%
Price:Par
Payout at maturity:If each index finishes at or above its initial level, par plus the least performing index return; if any index falls by up to 40%, par plus the absolute value of the return of the least performing index; if any index falls by more than 40%, investors will be fully exposed to the decline of the least performing index
Initial index levels:3,193.93 for S&P, 1,507.153 for Russell and 27,110.98 for Dow
Barrier levels:60% of initial levels
Pricing date:June 5
Settlement date:June 10
Agent:Goldman Sachs & Co. LLC
Fees:5.375%
Cusip:40057CAG6

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