By William Gullotti
Buffalo, N.Y., Sept. 10 – GS Finance Corp. priced $751,000 of 0% buffered index-linked notes due June 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 $1,425 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: | $751,000
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Maturity: | June 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 at par plus 42.5%; if index falls by up to 15%, par; 1% loss for every 1% decline beyond 15%
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Initial index level: | 1,464.95
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Buffer level: | 85% of initial level
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Pricing date: | June 25
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Settlement date: | June 30
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Agent: | Goldman, Sachs & Co. LLC
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Fees: | 4%
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Cusip: | 40057HGJ3
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