By Wendy Van Sickle
Columbus, Ohio, May 5 – GS Finance Corp. priced $7.2 million of 0% digital index-linked notes due Nov. 3, 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 return is greater than or equal to negative 20%, the payout will be par plus 11.71%.
If the index return is less than negative 20%, investors will lose 1.25% for every 1% index decline beyond 20%.
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: | Digital index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $7.2 million
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Maturity: | Nov. 3, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, finishes flat or falls by up to 20%, par plus 11.71%; otherwise, 1.25% for every 1% index decline beyond 20%
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Initial index level: | 2,863.39
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Pricing date: | April 28
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Settlement date: | May 5
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.85%
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Cusip: | 40057E5E3
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