By Tali Rackner
Norfolk, Va., April 6 – GS Finance Corp. priced $723,800 of 0% trigger performance securities due March 31, 2026 linked to the Bloomberg Commodity Index 3 Month Forward, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par of $10 plus 177% of the index return.
If the index return is zero or negative and the final level is greater than or equal to the trigger level, 70% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Trigger performance securities
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Underlying index: | Bloomberg Commodity Index 3 Month Forward
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Amount: | $723,800
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Maturity: | March 31, 2026
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 177% of return; if index return is zero or negative and index’s final level is greater than or equal to trigger level, par; if final level is less than trigger level, full exposure to index’s decline
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Initial level: | 182.9836
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Trigger level: | 128.0855, 70% of initial level
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Pricing date: | March 28
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Settlement date: | March 31
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Agent: | Goldman Sachs & Co.
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Fees: | 5.45%
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Cusip: | 36250E423
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