Chicago, Aug. 5 – GS Finance Corp. priced $1.32 million of 0% index-linked notes due Aug. 3, 2027 linked to 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.
If the return of the index is zero or positive, the payout at maturity will be par plus the index return.
If the index declines but not more than 15%, investors will receive par plus the absolute value of the index.
Investors will receive par plus the return of the index plus a 30% buffer if the index declines more than 15%. This will result in a positive payout if the return of the index is above 70% of its initial level. But, the payout will be negative if the index declines beyond that level.
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: | Index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $1,320,000
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Maturity: | Aug. 3, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is zero or positive, par plus index return; if index declines but not more than 15%, par plus absolute value of index; otherwise, par plus index return plus 30% buffer
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Initial level: | 4,130.29
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Buffer: | 30%
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Pricing date: | July 29
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Settlement date: | Aug. 3
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1%
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Cusip: | 40057MMX4
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