By Sarah Lizee
Olympia, Wash., March 28 – GS Finance Corp. priced $9.19 million of 0% capped buffer gears due March 31, 2021 linked to 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 index return is greater than zero, the payout at maturity will be par of $10 plus two times the index return, capped at $11.645 per $10 note. Investors will receive par if the index declines by 10% or less and lose 1% for every 1% that the index may decline beyond 10%.
Goldman Sachs & Co. is the underwriter. UBS Financial Services Inc. is acting as selling agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group Inc.
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Issue: | Capped buffer gears
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Underlying index: | S&P 500
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Amount: | $9,188,450
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Maturity: | March 31, 2021
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus two times index return, capped at $11.645 per $10 note; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
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Initial level: | 2,818.46
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Pricing date: | March 26
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Settlement date: | March 29
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Underwriter: | Goldman Sachs & Co.
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Selling agent: | UBS Financial Services Inc.
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Fees: | 2.175%
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Cusip: | 36257D303
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