By Marisa Wong
Los Angeles, May 22 – GS Finance Corp. priced $194,000 of 0% buffered index-linked notes due May 4, 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 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: | Buffered index-linked notes
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Underlying index: | Dow Jones U.S. Select Dividend index
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Amount: | $194,000
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Maturity: | May 4, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 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: | 577.19
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Pricing date: | April 30
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Settlement date: | May 5
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.675%
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Cusip: | 40057E2W6
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