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Published on 7/6/2021 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $9.39 million index-linked notes on Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, July 6 – GS Finance Corp. priced $9.39 million of 0% index-linked notes due Aug. 3, 2022 linked to the least performing of the Russell 2000 index 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 the return of each index is zero, positive or falls by up to 26%, the payout at maturity will be par plus 6.5%.

Otherwise, investors will be fully exposed to any losses of the worst performing index from its initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Index-linked notes
Underlying indexes:Russell 2000 index, S&P 500 index
Amount:$9,393,000
Maturity:Aug. 3, 2022
Coupon:0%
Price:Par
Payout at maturity:If the return of each index is zero, positive or falls by up to 26%, par plus 6.5%; if any index falls by more than 26%, full exposute to the decline of the worst performing index
Initial levels:2,308.837 for Russell, 4,291.8 for S&P
Trigger buffer levels:74% of initial levels
Pricing date:June 29
Settlement date:July 2
Agent:Goldman Sachs & Co. LLC
Fees:0.43%
Cusip:40057HMS6

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