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Published on 2/7/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $337,000 leveraged buffered notes on Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Feb. 7 – GS Finance Corp. priced $337,000 of 0% leveraged buffered index-linked notes due Feb. 3, 2022 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain, up to a maximum settlement amount of $1,183.50 per $1,000 of notes.

Investors will receive par if the index finishes flat or falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

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:Leveraged buffered index-linked notes
Underlying index:Russell 2000
Amount:$337,000
Maturity:Feb. 3, 2022
Coupon:0%
Price:Par
Payout at maturity:Par plus 200% of any index gain, subject to maximum settlement amount of $1,183.50 per $1,000 of notes; par if index finishes flat or falls by up to 10%; 1% loss for each 1% decline beyond 10%
Initial level:1,614.061
Buffer level:90% of initial level
Pricing date:Jan. 31
Settlement date:Feb. 5
Agent:Goldman Sachs & Co. LLC
Fees:0.87%
Cusip:40056XXP6

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