By Taylor Fox
New York, Sept. 14 – GS Finance Corp. priced $1.29 million of 0% underlier-linked notes due Sept. 9, 2025 linked to the S&P 500 index, the Dow Jones industrial average and the Technology Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each underlier is flat or positive, the payout at maturity will be par plus 1.68 times the return of the worst-performing asset.
If the return of each underlier is negative but greater than or equal to negative 30%, the payout will be par.
If the worst-performing underlier falls by more than 30%, investors will be exposed to the decline of the worst performer from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Underlier-linked notes
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Underlying assets: | S&P 500 index, Dow Jones industrial average and Technology Select Sector SPDR fund
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Amount: | $1.29 million
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Maturity: | Sept. 9, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each underlier is flat or positive, par plus 1.68 times return of worst-performing asset; if the return of each underlier is negative but greater than or equal to negative 30%, par; if any underlier falls by more than 30%, exposure to decline of the worst performer from initial level
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Initial levels: | $118.12 for Technology, 3,426.96 for S&P and 28,133.31 for Dow
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Trigger buffer level: | 70% of initial level
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Pricing date: | Sept. 4
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Settlement date: | Sept. 10
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 4.425%
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Cusip: | 40057CUN9
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