Chicago, July 22 – GS Finance Corp. priced $3.26 million of 7.2% fixed-coupon index-linked notes due July 19, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
At maturity, investors will receive par if the index finishes above 70% of its initial level.
Otherwise, investors will lose 1 % for each 1% decline of the index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Fixed-coupon index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $3,260,000
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Maturity: | July 19, 2024
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Coupon: | 7.2% per year, payable monthly
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Price: | Par
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Payout at maturity: | Par if index finishes above 70% of initial level at maturity; otherwise, 1 % loss for each 1% decline of the index from its initial level
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Initial level: | 3,936.69
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Barrier level: | 70% of initial level
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Pricing date: | July 19
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Settlement date: | July 22
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.4%
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Cusip: | 40057MNC9
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