By Marisa Wong
Los Angeles, March 13 – GS Finance Corp. priced $4.76 million of 0% leveraged buffered index-linked notes due April 8, 2021 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.
If the index finishes above its initial level, the payout at maturity will be par plus 1.5 times the gain, capped at par plus 12.075%.
If the index finishes flat or falls by up to 10%, investors will receive par. Otherwise, investors will lose 1.1111% for every 1% decline beyond 10%.
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 buffered index-linked notes
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Underlying index: | S&P 500
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Amount: | $4,757,000
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Maturity: | April 8, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 12.075%; par if index finishes flat or falls by up to 10%; 1.1111% loss for every 1% decline beyond 10%
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Initial index level: | 3,130.12
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Pricing date: | March 4
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Settlement date: | March 11
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.91%
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Cusip: | 40056YPJ7
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