By William Gullotti
Buffalo, N.Y., Sept. 5 – GS Finance Corp. priced $2.25 million of 0% leveraged index-linked notes due Sept. 3, 2026 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 107% of the index return.
Investors will receive par if the index falls by up to 20% and be fully exposed to decline if the index finishes below its 80% trigger 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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Issue: | Leveraged index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $2.25 million
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Maturity: | Sept. 3, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus 107% of the index return; par if index falls by up to 20%; otherwise, full exposure to decline of index from initial level
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Initial index level: | 4,497.63
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Trigger level: | 80% of initial level
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Pricing date: | Aug. 29
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Settlement date: | Sept. 1
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 2.25%
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Cusip: | 40057TZ56
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