By Marisa Wong
Los Angeles, April 19 – GS Finance Corp. priced $227,000 of 0% leveraged buffered notes due Aug. 31, 2022 tied to the Nasdaq-100 Technology Sector 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, subject to a maximum payout of $1,157.50 per $1,000 note.
If the index finishes flat or falls by up to 10%, investors will receive par. Otherwise, investors will lose 1% for every 1% index decline beyond the 10% buffer.
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 notes
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Underlying index: | Nasdaq-100 Technology Sector index
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Amount: | $227,000
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Maturity: | Aug. 31, 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 15.75%; par if index finishes flat or falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10% buffer
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Initial value: | 7,888.025
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Pricing date: | Feb. 26
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Settlement date: | March 3
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Agent: | Goldman Sachs & Co. LLC
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Fees: | Up to 0.95%
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Cusip: | 40057FBA1
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