By Wendy Van Sickle
Columbus, Ohio, June 21 – GS Finance Corp. priced $27.45 million of 0% leveraged buffered index-linked notes due June 18, 2024 tied to 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.
If the index return is positive, investors will receive par plus 150% of the index gain, capped at par plus 36.6%.
If the index return is flat or falls by up to 35%, investors will receive par. Investors will lose 1.5385% for every 1% decline beyond 35%.
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: | Leveraged buffered index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $27.45 million
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Maturity: | June 18, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of the index gain, capped at par plus 36.6%; if index return is flat or falls by up to 35%, par; 1.5385% loss for every 1% decline beyond 35%
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Initial index level: | 3,735.48
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Buffer level: | 65% of initial level
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Pricing date: | June 15
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Settlement date: | June 21
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.1%
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Cusip: | 40057M4V8
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