By Kiku Steinfeld
Chicago, Oct. 21 – GS Finance Corp. priced $71,000 of 0% buffered index-linked notes due Oct. 3, 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 return is positive, par plus any index gain.
If the index return is flat or falls by up to 10%, investors will receive par. 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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Issue: | Buffered index-linked notes
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Underlying index: | Dow Jones U.S. Select Dividend
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Amount: | $71,000
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Maturity: | Oct. 3, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus any index gain; if index return is flat or falls by up to 10%, par; 1% loss for every 1% decline beyond 10%
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Initial index level: | 584.66
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Buffer level: | 90% of initial level
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Pricing date: | Sept. 30
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Settlement date: | Oct. 5
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Agent: | Goldman Sachs & Co. LLC
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Fees: | Up to 1.75%
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Cusip: | 40057CS44
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