By Kiku Steinfeld
Chicago, Dec. 30 – GS Finance Corp. priced $55,000 of 0% leveraged buffered index-linked notes due Dec. 4, 2025 tied to the S&P 500 Value 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 the gain, subject to a maximum payout of par plus 50%.
If the index finishes flat or falls by up to 22.5%, investors will receive par. Otherwise, investors will lose 1% for every 1% index decline beyond 22.5%.
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 Value index
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Amount: | $55,000
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Maturity: | Dec. 4, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at par plus 50%; par if index finishes flat or falls by up to 22.5%; otherwise, 1% loss for every 1% decline beyond 22.5%
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Initial index level: | 1,226.93
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Buffer level: | 77.5% of initial level
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Pricing date: | Nov. 30
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Settlement date: | Dec 3
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.1%
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Cusip: | 40057EJW8
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