By Marisa Wong
Los Angeles, Sept. 1 – GS Finance Corp. priced $3.09 million of 0% buffered index-linked notes due Aug. 31, 2027 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.
If the index return is positive, the payout at maturity will be par plus the index gain.
If the index return is zero or negative but not below negative 15%, the payout will be par.
Otherwise, investors will lose 1% for every 1% index decline beyond 15%.
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: | Buffered index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $3,085,000
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Maturity: | Aug. 31, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; par if index falls by up to 15%; 1% loss for every 1% index decline beyond 15%
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Initial index level: | 4,057.66
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Pricing date: | Aug. 26
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Settlement date: | Aug. 31
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.9%
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Cusip: | 40057MRC5
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