By Kiku Steinfeld
Chicago, May 20 – GS Finance Corp. priced $288,000 of 0% buffered index-linked notes due April 30, 2026 based on the performance of the S&P 500 Value 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 $1,500 per $1,000 principal amount of notes.
If the index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 15%.
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: | Buffered index-linked notes
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Underlying index: | S&P 500 Value
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Amount: | $288,000
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Maturity: | April 30, 2026
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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 $1,500 per $1,000 principal amount of notes; if index falls by up to 15%, par; 1% loss for every 1% decline beyond 15%
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Initial index level: | 1,440.71
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Buffer level: | 85% of initial level
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Pricing date: | April 27
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Settlement date: | April 30
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.96%
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Cusip: | 40057FUL6
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