By Wendy Van Sickle
Columbus, Ohio, Oct. 4 – GS Finance Corp. priced $1.8 million of 0% digital notes due March 31, 2021 linked to the Technology Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the fund return is at least 90% of its initial level, the payout at maturity will be par plus 12.38%.
Otherwise, investors will lose 1.1111% for each 1% decline of the fund beyond 10%.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is the placement agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Digital notes
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Underlying fund: | Technology Select Sector SPDR fund
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Amount: | $1,801,000
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Maturity: | March 31, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If fund return is at least 90% of initial level, par plus 12.38%; otherwise, 1.1111% loss for each 1% decline beyond 10%
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Initial level: | $80.68
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Pricing date: | Sept. 25
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Settlement date: | Sept. 30
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Agent: | Goldman Sachs & Co. LLC
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Placement agent: | JPMorgan
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Fees: | 1.4%
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Cusip: | 40056X6L5
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