By Sarah Lizee
Olympia, Wash., March 13 – GS Finance Corp. priced $18 million of 0% leveraged index-linked notes due March 14, 2023 tied 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.
The payout at maturity will be par plus 1.42 times any index gain.
If the index declines by up to 15%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index.
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: | S&P 500 index
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Amount: | $18 million
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Maturity: | March 14, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.42 times any index gain; if the index declines by up to 15%, par; otherwise, investors will be fully exposed to the decline of the index
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Initial index level: | 2,746.56
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Barrier level: | 85% of initial level
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Pricing date: | March 9
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Settlement date: | March. 12
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.35%
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Cusip: | 40056YT38
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