By William Gullotti
Buffalo, N.Y., Dec. 9 – GS Finance Corp. priced $2.5 million of 0% leveraged index-linked notes due Dec. 6, 2024 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 double the index return, capped at 39.65%.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
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: | $2.5 million
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Maturity: | Dec. 6, 2024
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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 two times the index return, capped at 39.65%; otherwise, investors will be fully exposed to the decline of the index from its initial level
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Initial index level: | 4,538.43
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Pricing date: | Dec. 3
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Settlement date: | Dec. 8
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.5%
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Cusip: | 40057KDQ3
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