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Published on 8/6/2021 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $2.53 million index-linked notes on Nasdaq, S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Aug. 6 – GS Finance Corp. priced $2.53 million of 0% index-linked notes due June 9, 2026 tied to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout will be par plus 1.45 times the least-performing index’s return.

If the least-performing index falls by up to 30%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline of the least-performing index from its initial level.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Index-linked notes
Underlying indexes:Nasdaq-100 index, Russell 2000 index, S&P 500 index
Amount:$2.53 million
Maturity:June 9, 2026
Coupon:0%
Price:Par
Payout at maturity:If each index finishes at or above its initial level, par plus 1.45 times the least-performing index’s return; if the least-performing index falls by up to 30%, par; otherwise, 1% loss for every 1% decline of the least-performing index
Initial index levels:2,286.412 for Russell, 4,229.89 for S&P, 13,770.77 for Nasdaq
Trigger buffer levels:70% of initial levels
Pricing date:June 4
Settlement date:June 9
Underwriter:Goldman Sachs & Co. LLC
Fees:4.125%
Cusip:40057HHS2

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