By William Gullotti
Buffalo, N.Y., June 9 – GS Finance Corp. priced $3.85 million of 0% market-linked securities – upside participation and fixed percentage buffered downside due Dec. 4, 2028 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 105% of any gain in the index.
If the index falls by up to 20%, the payout will be par.
Investors will lose 1% for every 1% decline of the index beyond the 20% 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 – upside participation and fixed percentage buffered downside
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Underlying: | S&P 500 index
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Amount: | $3,854,000
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Maturity: | Dec. 4, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 105% of any index gain; if index falls by up to 20%, par; otherwise, 1% loss for every 1% decline of index beyond 20% buffer
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Initial level: | 4,158.24
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Buffer level: | 80% of initial level
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Pricing date: | May 27
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Settlement date: | June 2
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Agent: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
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Fees: | 4.55%
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Cusip: | 40057LWR8
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