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Published on 5/7/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $1.05 million index-linked notes on Nasdaq, Dow, S&P

By Wendy Van Sickle

Columbus, Ohio, May 7 – GS Finance Corp. priced $1.05 million of 0% index-linked notes due May 5, 2025 tied to the Nasdaq-100 index, the Dow Jones industrial average 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, investors will receive par plus 190% of the worst performing index return.

Investors will be exposed to any losses 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:Nasdaq-100, Dow Jones industrial average, S&P 500
Amount:$1,045,000
Maturity:May 5, 2025
Coupon:0%
Price:Par
Payout at maturity:If each index finishes at or above its initial level, par plus 190% of the worst performing index return; exposure to any losses of the least-performing index
Initial index levels:2,939.51 for S&P, 24,633.86 for Dow and 8,982.762 for Nasdaq
Pricing date:April 30
Settlement date:May 5
Agent:Goldman Sachs & Co. LLC
Fees:4.35%
Cusip:40057E6N2

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