By Wendy Van Sickle
Columbus, Ohio, Dec. 22 – GS Finance Corp. priced $1.1 million of 0% leveraged index-linked notes due Jan. 24, 2025 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 300% of the index return up to par plus 13%.
Otherwise, investors will receive be fully exposed to losses.
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: | $1,098,000
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Maturity: | Jan. 24, 2025
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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 300% of the index return up to par plus 13%; full exposure to loss
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Initial index level: | 4,740.56
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Pricing date: | Dec. 18
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Settlement date: | Dec. 21
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 1.93%
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Cusip: | 40057XHU2
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