By William Gullotti
Buffalo, N.Y., Aug. 13 – GS Finance Corp. priced $2.76 million of 0% leveraged index-linked notes due Dec. 20, 2023 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, capped at 22.25%.
If the index is flat or declines by up to 15%, the payout will be par.
Otherwise, investors will lose 1.1765% for every 1% decline beyond 15%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Issue: | Leveraged index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $2.76 million
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Maturity: | Dec. 20, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus 1.5 times the index return, subject to a maximum return of par plus 22.25%; if the index is flat or declines by up to 15%, par; otherwise, investors will lose 1.1765% for every 1% of index decline below the buffer
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Initial index level: | 4,246.59
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Trigger level: | 85% of initial level
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Pricing date: | June 15
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Settlement date: | June 18
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | None
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Cusip: | 40057HMP2
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