By Wendy Van Sickle
Columbus, Ohio, July 12 – GS Finance Corp. priced $1 million of 7.2% autocallable buffered fixed-coupon index-linked notes due July 7, 2026 linked 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.
Interest is payable semiannually.
The notes will be automatically called at par plus the coupon if the index closes at or above its initial level on any semiannual call date after one year.
If the notes are not called, investors will receive par if the index return is at least 80% of its initial level and will lose 1.25% for each 1% loss beyond 20%.
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: | Autocallable buffered fixed-coupon index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $1 million
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Maturity: | July 7, 2026
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Coupon: | 7.2%, payable semiannually
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Price: | Par
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Payout at maturity: | If the notes are not called and the index return is at least 80% of initial level, par; otherwise, 1.25% loss for each 1% decline beyond 20%
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Call: | Automatically at par plus coupon if the index closes at or above the initial index level on any semiannual call date after one year
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Initial level: | 3,902.62
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Buffer level: | 80% of initial level
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Pricing date: | July 7
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Settlement date: | July 12
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0%
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Cusip: | 40057MLQ0
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