By Marisa Wong
Los Angeles, Sept. 8 – GS Finance Corp. priced $998,000 of 0% buffered index-linked notes due Aug. 29, 2025 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 closes above its initial level, the payout at maturity will be par plus the index return.
If the index finishes flat or falls by up to 17.5%, investors will receive par. Investors will lose 1% for every 1% decline beyond the 17.5% buffer.
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
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Amount: | $998,000
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Maturity: | Aug. 29, 2025
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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 17.5%; otherwise, 1% loss for every 1% decline beyond 17.5%
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Initial index levels: | 600.29
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Pricing date: | Aug. 26
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Settlement date: | Aug. 31
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 4.24%
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Cusip: | 40057CJK8
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