Chicago, July 22 – GS Finance Corp. priced $1.5 million of 0% buffered index-linked notes due Oct. 23, 2023 based on the performance of 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.
The payout at maturity will be par if the index is flat or positive.
Investors will receive a 1% gain for each 1% decline if the index declines but not more than 43.55% beyond its initial level.
Otherwise, investors will lose 1.7715% for each 1% decline beyond the 43.55% 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: | Buffered index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $1,500,000
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Maturity: | Oct. 23, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par if index is flat or positive; 1% gain for each 1% decline if index declines but not more than buffer level; otherwise, 1.7115% loss for each 1% decline beyond 43.55% buffer
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Initial index level: | 3,936.69
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Buffer level: | 56.45% of initial level
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Pricing date: | July 19
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Settlement date: | July 26
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Agent: | Goldman, Sachs & Co. LLC
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Fees: | 0.94%
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Cusip: | 40057MP45
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