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Published on 12/26/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $835,000 index-linked notes on S&P, Nasdaq, Russell

By Taylor Fox

New York, Dec. 30 – GS Finance Corp. priced $835,000 of 0% index-linked notes due June 3, 2022 tied to the S&P 500 index, the Russell 2000 index and the Nasdaq-100 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 70% of its initial level, the payout at maturity will be $1,107.5.

If any index falls by more than negative 30%, 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, Nasdaq-100 index, Russell 2000
Amount:$835,000
Maturity:June 3, 2022
Coupon:0%
Price:Par
Payout at maturity:If each index finishes at or above 70% of its initial level, $1,107.5; if any index falls by more than negative 30%, full exposure to the decline of the least performing index
Initial index levels:3,621.63 for S&P, 12,268.32 for Nasdaq and 1,819.816 for Russell
Pricing date:Nov. 30
Settlement date:Dec. 3
Agent:Goldman Sachs & Co. LLC
Fees:0.56%
Cusip:40057EPD3

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