By Wendy Van Sickle
Columbus, Ohio, Nov. 13 – GS Finance Corp. priced $250,000 of 0% index-linked notes due Nov. 4, 2025 tied to the S&P 500 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its initial level, the payout will be par plus 1.05 times the return of the lesser performing index.
If the worst performer falls but does not fall by more than 30%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the worst performing index.
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: | Index-linked notes
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Underlying indexes: | S&P 500 and Dow Jones industrial average
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Amount: | $250,000
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Maturity: | Nov. 4, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus 1.05 times return of worst performer; if the lesser performing index falls but does not fall by more than 30%, par; otherwise, 1% loss for every 1% decline of the worst performer
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Initial index levels: | Lowest of the closing levels 30th day of October, November and December 2020
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Pricing date: | Oct. 30
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Settlement date: | Nov. 4
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.12%
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Cusip: | 40057CYG0
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