Chicago, Jan. 26 – GS Finance Corp. priced $1.86 million of 0% buffered index-linked notes due April 25, 2023 based on the performance of the S&P 500 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 $1,110 per $1,000 principal amount of notes.
If the index falls by up to 10%, the payout will be par plus the absolute value of the return of the index.
Otherwise, investors will lose 1% for every 1% decline beyond 10%.
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
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Amount: | $1,860,000
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Maturity: | April 25, 2023
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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 11%; if index falls by up to 10%, par plus absolute value of return of index; 1% loss for every 1% decline beyond buffer
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Initial index level: | 4,482.73
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Buffer level: | 90% of initial level
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Pricing date: | Jan. 20
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Settlement date: | Jan. 25
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Agent: | Goldman, Sachs & Co. LLC
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Fees: | 0.5%
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Cusip: | 40057KT45
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