By Wendy Van Sickle
Columbus, Ohio, Sept. 8 – GS Finance Corp. priced $4.94 million of 0% market linked notes – upside participation with contingent minimum and fixed percentage buffered downside due Aug. 31, 2028 linked to the Euro Stoxx 50 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 plus the greater of any index gain and 50%.
If the index falls by up to 25%, the payout will be par. Investors will be exposed to losses beyond 25%.
Goldman Sachs & Co. LLC and Wells Fargo Securities are agents.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Market linked notes – upside participation with contingent minimum and fixed percentage buffered downside
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Underlying: | Euro Stoxx 50 index
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Amount: | $4.94 million
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Maturity: | Aug. 31, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, with a floor of a 50% gain; par if index falls by up to 25%; exposure to losses beyond 25%
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Initial share price: | 4,293.69
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Pricing date: | Aug. 28
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Settlement date: | Aug. 31
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Agents: | Goldman Sachs & Co. LLC and Wells Fargo Securities
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Fees: | 3.87%
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Cusip: | 40057NYQ4
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