By Kiku Steinfeld
Chicago, April 12 – GS Finance Corp. priced $500,000 of 0% index-linked notes due March 28, 2024 based on the performance of 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.
The payout at maturity will be par plus any index gain, up to the maximum settlement amount of $1,230 per $1,000 principal amount of notes.
If the index falls by up to 25%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for every 1% decline of the 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 index: | S&P 500
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Amount: | $500,000
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Maturity: | March 28, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at par plus 23%; if index falls by up to 25%, par plus the absolute value of the index return; 1% loss for every 1% decline
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Initial index level: | 3,889.14
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Trigger level: | 75% of initial level
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Pricing date: | March 24
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Settlement date: | March 29
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Agent: | Goldman, Sachs & Co. LLC
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Fees: | 2.9%
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Cusip: | 40057FUD4
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