By Kiku Steinfeld
Chicago, March 28 – GS Finance Corp. priced $126,000 of 0% index-linked notes due March 24, 2023 tied to the least performing of the Russell 2000 index and 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.
At maturity, investors will receive par plus 1.29 times the return of the worst performer if both indexes finish at or above their initial levels.
The payout will be par plus the return of the worst performer if either index finishes below its initial level, but both indexes finish at or above 95% of their initial levels.
Otherwise, investors will be exposed to the losses of the worst performer beyond 5%.
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: | Index-linked notes
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Underlying indexes: | Russell 2000 index, S&P 500 index
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Amount: | $126,000
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Maturity: | March 24, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.29 times the return of the worst performer if both indexes finish at or above their initial levels; par plus return of worst performer if it finishes below initial level but at or above buffer level; otherwise, exposure to losses of worst performer beyond buffer
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Initial levels: | 4,354.19 for S&P, 2,186.183 for Russell
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Buffer levels: | 95% of initial levels
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Pricing date: | Sept. 21
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Settlement date: | Sept. 24
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.6%
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Cusip: | 40057JJS6
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