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Published on 9/29/2021 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $2.44 million leveraged relative performance index notes

By Wendy Van Sickle

Columbus, Ohio, Sept. 29 – GS Finance Corp. priced $2.44 million of 0% leveraged relative performance index-linked notes due July 13, 2022 based on the relative performance of the S&P 500 Total Return 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.

The relative performance will be the difference of the S&P 500 Total Return performance minus the S&P 500 performance. Each index’s performance will be its final level divided by its initial level.

The payout at maturity will be par plus the relative performance divided by 1.47%.

Goldman, Sachs & Co. is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged buffered relative performance index-linked notes
Underlying indexes:S&P 500 Total Return, S&P 500
Relative performance:Difference of the S&P 500 Total Return performance minus the S&P 500 performance; each index’s performance is its final level divided by its initial level
Amount:$2.44 million
Maturity:July 13, 2022
Coupon:0%
Price:Par
Payout at maturity:Par plus relative performance divided by 1.47%
Initial levels:8,990.08 for S&P 500 Total Return and 4,320.82 for S&P
Pricing date:July 8
Settlement date:July 13
Underwriter:Goldman, Sachs & Co.
Fees:0.5%
Cusip:40057HPV6

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