By Wendy Van Sickle
Columbus, Ohio, Nov. 9 – GS Finance Corp. priced $4.13 million of 0% leveraged index-linked notes due Nov. 1, 2028 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 135% of the index return.
If the index falls by u p to 20%, they payout will be par.
Otherwise, investors will have full exposure to the index decline.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $4,126,000
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Maturity: | Nov. 1, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus 135% of the index return; par if index falls by up to 20%; otherwise, full exposure to loss
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Initial index level: | 4,317.78
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Pricing date: | Nov. 2
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Settlement date: | Nov. 7
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.875%
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Cusip: | 40057WY43
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