By Wendy Van Sickle
Columbus, Ohio, June 30 – GS Finance Corp. priced $2.75 million of 0% leveraged buffered index-linked notes due Dec. 30, 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 1.5 times the index gain, capped at par plus 40.5%.
If the index return is flat or falls by up to 35%, the payout will be par plus the absolute value of the return.
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: | $2.75 million
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Maturity: | Dec. 30, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times the index gain, capped at par plus 40.5%; if index return is flat or falls by up to 35%, par plus the absolute value of the index return; 1.5385% loss for every 1% decline beyond 35%
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Initial index level: | 3,759.89
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Buffer level: | 65% of initial level
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Pricing date: | June 23
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Settlement date: | June 28
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.1%
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Cusip: | 40057MGX1
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