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Published on 3/12/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $3.11 million digital index-linked notes on S&P

By Sarah Lizee

Olympia, Wash., March 12 – GS Finance Corp. priced $3.11 million of 0% digital index-linked notes due June 7, 2021 linked to 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 index closes at or above 90% of its initial level, the payout at maturity will be $1,095 per $1,000 note.

Otherwise, investors will lose 1.1111% for every 1% decline of the index beyond 10%.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Digital index-linked notes
Underlying index:S&P 500 index
Amount:$3,105,000
Maturity:June 7, 2021
Coupon:0%
Price:Par
Payout at maturity:If the index closes at or above buffer level, $1,095 per $1,000 note; otherwise, 1.1111% loss for every 1% decline beyond buffer
Initial index level:3,003.37
Buffer level:90% of initial level
Pricing date:March 3
Settlement date:March 10
Underwriter:Goldman Sachs & Co. LLC
Fees:1.04%
Cusip:40056YNE0

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