By Sarah Lizee
Olympia, Wash., March 17 – GS Finance Corp. priced $1 million of 0% buffered index-linked notes due March 9, 2023 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index closes above its initial level, the payout at maturity will be par plus the gain, up to a maximum payout of $1,200 per $1,000 of notes.
If the index finishes flat or falls by up to 20%, investors will receive par plus 50% of the absolute value of the return of the index.
Investors will lose 1.25% for every 1% decline beyond the buffer.
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: | Buffered index-linked notes
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Underlying index: | Russell 2000
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Amount: | $1 million
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Maturity: | March 9, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index closes above its initial level, par plus the gain, up to a maximum payout of $1,200 per $1,000 of notes; if the index finishes flat or falls by up to 20%, par plus 50% of the absolute value of the return of the index; 1.25% loss for every 1% decline beyond the buffer
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Initial index level: | 1,478.824
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Buffer level: | 80% of initial level
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Pricing date: | March 6
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Settlement date: | March 11
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.175%
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Cusip: | 40056YSD7
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