By Wendy Van Sickle
Columbus, Ohio, April 9 – GS Finance Corp. priced $1.04 million of 0% index-linked notes due April 3, 2025 tied to the Russell 2000 index and 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 each index finishes at or above its initial level, the payout will be $1,475 per $1,000 note.
If worst-performing index falls by up to40%, the payout will be par plus the absolute value of the return of the lesser-performing index.
Investors will be fully exposed to the loss of the worst-performing index if it falls by more than 40%.
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: | Index-linked notes
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Underlying indexes: | Russell 2000 and S&P 500
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Amount: | $1.04 million
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Maturity: | April 3, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, $1,475 per $1,000 note; par plus absolute value of return of lesser-performing index if worst-performing index falls by up to 40%; exposure to losses if worst performing index falls by more than 40%
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Initial levels: | 1,153.103 for Russell, 2,584.59 for S&P
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Pricing date: | March 31
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Settlement date: | April 3
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.94%
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Cusip: | 40056YM68
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