Chicago, Jan. 23 – GS Finance Corp. priced $1.85 million of 0% buffered notes due Jan. 25, 2022 linked to the S&P 500 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, the payout at maturity will be par plus the index return, subject to a maximum return of 137.5%.
If the index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond the 20% buffer.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Buffered notes
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Underlying index: | S&P 500
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Amount: | $1,851,000
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Maturity: | Jan. 25, 2022
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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 the index return subject to a cap of 137.5%; if the index falls by up to 20%, par; otherwise, 1% loss for every 1% decline beyond the 20% buffer
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Initial index level: | 2,635.96
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Pricing date: | Jan. 17
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Settlement date: | Jan. 25
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Underwriter: | Goldman Sachs & Co.
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Fees: | 2.75%
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Cusip: | 40056ESZ2
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