Chicago, March 22 – GS Finance Corp. priced $2.82 million of 0% buffered participation securities due Aug. 3, 2023 linked to the Russell 2000 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 at or above the initial level, the payout at maturity will par plus the return of the index, capped at par plus 20.45%.
If the index falls but by no more than the 10% buffer, the payout will be par.
If the index falls by more than 10%, investors will lose 1% for every 1% decline beyond the 10% buffer.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Buffered participation notes
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Underlying index: | Russell 2000 index
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Amount: | $2,824,000
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Maturity: | Aug. 3, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above the initial level, par the return of the index, capped at par plus 20.45%; if the index falls but by no more than the 10% buffer, par; if the index falls by more than 10%, 1% loss for every 1% decline beyond the 10% buffer
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Initial level: | 2,073.641
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Buffer level: | 90% of initial level
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Pricing date: | Jan. 29
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Settlement date: | Feb. 3
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Agent: | Goldman Sachs & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 3.175%
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Cusip: | 36259U600
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