By William Gullotti
Buffalo, N.Y., March 23 – GS Finance Corp. priced $2.06 million of 0% leveraged index-linked notes due Sept. 23, 2026 tied to the Russell 2000 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 1.255 times the index return, capped at 80%.
If the index is flat or declines by up to 25%, the payout will be par plus the absolute value of the index return.
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: | Russell 2000 index
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Amount: | $2,055,000
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Maturity: | Sept. 23, 2026
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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 1.255 times the index return, capped at 80%; if the index is flat or declines by up to 25%, par plus the absolute value of the index return; otherwise, investors will be fully exposed to the decline of the index from its initial level
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Initial index level: | 2,086.143
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Trigger level: | 75% of initial level
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Pricing date: | March 18
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Settlement date: | March 23
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | None
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Cusip: | 40057LJP7
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