By Kiku Steinfeld
Chicago, Aug. 4 – GS Finance Corp. priced $5.02 million of 0% leveraged buffered index-linked notes due Feb. 1, 2022 tied 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 finishes above its initial level, the payout at maturity will be par plus 1.5 times the gain, capped at par plus 13.45%.
If the index finishes flat or falls by up to 15%, investors will receive par. Otherwise, investors will lose 1% for every 1% decline beyond 15%.
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: | Leveraged buffered index-linked notes
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Underlying index: | S&P 500
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Amount: | $5,020,000
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Maturity: | Feb. 1, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 13.45%; par if index finishes flat or falls by up to 15%; otherwise, 1% loss for every 1% decline beyond 15%
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Initial index level: | 3,215.63
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Buffer level: | 85% of initial level
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Pricing date: | July 24
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Settlement date: | July 30
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.15%
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Cusip: | 40057CHL8
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