By Wendy Van Sickle
Columbus, Ohio, Dec. 22 – GS Finance Corp. priced $6.02 million of 0% buffered digital index-linked notes due Dec. 18, 2024 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final level of the index is greater than or equal to its initial level, the payout at maturity will be the greater of par plus the index return and par plus 46.08%.
Otherwise, investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% that the index declines beyond 15%.
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: | Buffered digital index-linked notes
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Underlying index: | Euro Stoxx Banks index
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Amount: | $6,023,000
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Maturity: | Dec. 18, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final index level is greater or equal to initial level, the greater of par plus the index return and par plus 46.08%; if index falls by up to 15%, par; 1.1765% loss for every 1% decline beyond 15%
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Initial index level: | 96.74
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Buffer value: | 85% of initial level
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Pricing date: | Dec. 14
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Settlement date: | Dec. 21
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 1.95%
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Cusip: | 40057KB44
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