By Wendy Van Sickle
Columbus, Ohio, Nov. 13 – GS Finance Corp. priced $761,000 of 0% index-linked notes due Nov. 3, 2022 tied to the S&P 500 index and Nasdaq 100 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 par plus the return of the lesser performing index, capped at 30%.
If the worst performer falls but does not fall by more than 25%, the payout will be par plus the absolute value of that index’s return.
Otherwise, investors will lose 1% for every 1% decline of the worst performing index.
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: | S&P 500 and Nasdaq 100 index
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Amount: | $761,000
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Maturity: | Nov. 3, 2022
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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, par plus return of worst performer capped at 30%; if the lesser performing index falls but does not fall by more than 25%, par plus absolute value of that index’s return; otherwise, 1% loss for every 1% decline of the worst performer
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Initial index levels: | 3,269.96 for S&P and 11,052.95 for Nasdaq
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Pricing date: | Oct. 30
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Settlement date: | Nov. 4
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Agent: | Goldman Sachs & Co. LLC
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Fees: | Up to 1.2%
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Cusip: | 40057CZ79
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