By William Gullotti
Buffalo, N.Y., Dec. 3 – GS Finance Corp. priced $616,000 of 3.1% buffered callable fixed coupon notes due Aug. 19, 2024 linked to the least performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable quarterly.
The notes are callable at par plus the coupon on any contingent coupon payment date after one year.
The payout at maturity will be par plus the final coupon unless either index finishes below the 85% buffer level, in which case investors will lose 1% for each 1% decline of the worst performer 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 callable fixed coupon notes
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Underlying indexes: | Russell 2000 index, Euro Stoxx 50 index
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Amount: | $498,000
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Maturity: | Aug. 19, 2024
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Coupon: | 3.1%; payable quarterly
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Price: | Par
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Payout at maturity: | Par plus the coupon unless either index falls by more than 15%, in which case exposure to losses of worst performer beyond 15%
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Call option: | At par plus the coupon on any interest payment date after one year
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Initial levels: | 4,226.33 for Stoxx, 2,244.073 for Russell
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Buffer levels: | 85% of initial levels
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Pricing date: | Aug. 12
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Settlement date: | Aug. 17
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 3.25%
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Cusip: | 40057J6Q4
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