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Published on 4/8/2021 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $2.02 million index-linked notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, April 8 – GS Finance Corp. priced $2.02 million of 0% index-linked notes due March 28, 2024 linked to the S&P 500 index and the Russell 2000 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 value, the payout at maturity will be par plus 162% the return of the lesser-performing index.

Investors will be fully exposed to any decline in the worst-performing asset.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:index-linked notes
Underlying assets:S&P 500 index and Russell 2000 index
Amount:$2,023,000
Maturity:March 28, 2024
Coupon:0%
Price:Par
Payout at maturity:Par plus 162% of any gain in lesser-performing asset; 1% loss for every 1% decline in lesser-performing asset from initial level
Initial values:2,183.121 for Russell and 3,909.52 for S&P
Pricing date:March 25
Settlement date:March 30
Underwriter:Goldman Sachs & Co. LLC
Fees:1.375%
Cusip:40057FSF2

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