By Sarah Lizee
Olympia, Wash., May 21 – GS Finance Corp. priced $500,000 of 0% index-linked notes due June 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 finishes above its initial level, the payout at maturity will be par plus the index return, up to 10%.
If the index declines but finishes at or above 73.45% of its initial level, the payout will be par plus the absolute value of the return of the index.
Otherwise, investors will lose 1% for every 1% decline of the index.
Goldman Sachs & Co. LLC is the agent. JPMorgan is the placement 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 index: | S&P 500
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Amount: | $500,000
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Maturity: | June 3, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes above its initial level, par plus the index return, up to 10%; if the index declines but finishes at or above the barrier level, par plus the absolute value of the return of the index; otherwise, investors will lose 1% for every 1% decline of the index
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Initial index level: | 2,863.7
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Barrier level: | 73.45% of the initial level
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Pricing date: | May 18
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Settlement date: | May 21
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Agent: | Goldman Sachs & Co. LLC
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Placement agent: | JPMorgan
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Fees: | 1.1%
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Cusip: | 40057C3D1
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