By William Gullotti
Buffalo, N.Y., Oct. 13 – GS Finance Corp. priced $4.45 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due April 5, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, subject to a maximum return of par plus 16.25%.
If the index falls by up to 10%, the payout will be par.
Investors will lose 1% for every 1% decline of the index beyond the 10% buffer.
The securities are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities LLC and Goldman Sachs & Co. LLC are the agents.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
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Underlying: | S&P 500 index
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Amount: | $4,454,000
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Maturity: | April 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus two times any index gain, capped at par plus 16.25%; if index falls by up to 10%, par; otherwise, 1% loss for every 1% decline of index beyond 10% buffer
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Initial level: | 4,307.54
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Buffer level: | 90% of initial level
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Pricing date: | Sept. 30
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Settlement date: | Oct. 5
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Agent: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
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Fees: | 2.975%
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Cusip: | 40057JGK6
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