By Marisa Wong
Los Angeles, April 13 – GS Finance Corp. priced $500,000 of 0% leveraged buffered index-linked notes due March 30, 2023 tied to the Dow Jones U.S. Select Dividend index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes above its initial level, the payout at maturity will be par plus 1.25 times the gain.
If the index finishes flat or falls by up to 10%, investors will receive par. Otherwise, investors will lose 1% for every 1% decline beyond 10%.
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: | Dow Jones U.S. Select Dividend index
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Amount: | $500,000
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Maturity: | March 30, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.25 times any index gain; par if index finishes flat or falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
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Initial index level: | 539.25
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Pricing date: | March 26
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Settlement date: | March 31
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.425%
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Cusip: | 40056YWU4
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