Chicago, April 22 – GS Finance Corp. priced $778,000 of 0% leveraged buffered index-linked notes due Feb. 3, 2025 linked to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 125% of the return of the index subject to a maximum return of par plus 10.4%. The payout will be par plus the absolute return of the index if it declines but by no more than the 10% buffer. Investors will lose any index decline beyond the buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | S&P 500 Futures Excess Return index
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Amount: | $778,000
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Maturity: | Feb. 3, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains par plus 125% of index return subject to a maximum return of par plus 10.4%; par plus absolute return of index if it declines but by no more than 10% buffer; otherwise, par minus index decline beyond buffer
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Initial level: | 429.83
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Buffer level: | 90% of initial level
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Upside leverage: | 125%
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Cap: | 10.4%
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Buffer: | 10%
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Downside leverage: | 100%
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Pricing date: | Jan. 24
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Settlement date: | Jan. 29
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.75%
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Cusip: | 40057XWG6
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