By Wendy Van Sickle
Columbus, Ohio, March 25 – GS Finance Corp. priced $6.35 million of 0% index-linked notes due June 9, 2025 linked to the least performing of the S&P 500 index and the S&P 500 Value 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 or positive, the payout at maturity will be par plus 1.21 times the return of the least performing index.
If either index falls but the return of each index is at least negative 20%, the payout will be par.
If either index falls by more than 20%, investors will be exposed to the decline of the worst performing index beyond 20%.
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: | Index-linked notes
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Underlying indexes: | S&P 500 Value, S&P 500
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Amount: | $6.35 million
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Maturity: | June 9, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each index is zero or positive, par plus 1.21 times the return of least performing index; if either index falls but the return of each index is at least negative 20%, par; if either index falls by more than 20%, investors will be exposed to the decline of the worst performing index beyond 20%
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Initial levels: | 3,768.47 for S&P, 1,325.67 for S&P 500 Value
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Pricing date: | Feb. 26
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Settlement date: | March 3
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.55%
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Cusip: | 40057FQ80
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