By Sarah Lizee
Olympia, Wash., Oct. 23 – GS Finance Corp. priced $398,000 of 0% leveraged index-linked notes due Oct. 27, 2025 tied to the Dow Jones industrial average, 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 1.57 times any index gain.
If the index falls by up to 25%, the payout will be par plus the absolute value of the return of the index.
Otherwise, investors will receive par plus the index return with full exposure to the decline.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged index-linked notes
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Underlying index: | Dow Jones industrial average
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Amount: | $398,000
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Maturity: | Oct. 27, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.57 times any index gain; if the index falls by up to 25%, par plus the absolute value of the return of the index; otherwise, par plus index return with full exposure to decline
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Initial index level: | 26,770.20
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Pricing date: | Oct. 18
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Settlement date: | Oct. 25
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.375%
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Cusip: | 40056XES1
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