By William Gullotti
Buffalo, N.Y., Nov. 21 – GS Finance Corp. priced $3.47 million of 0% leveraged index-linked notes due Aug. 28, 2024 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, capped at 31.25%.
If the index is flat or declines by up to 25%, the payout will be par.
Otherwise, investors will lose 1.3333% for every 1% decline beyond 25%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Issue: | Leveraged index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $3,465,000
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Maturity: | Aug. 28, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus 1.5 times the index return, capped at 31.25%; if the index is flat or declines by up to 25%, par; otherwise, investors will lose 1.3333% for every 1% decline beyond 25%
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Initial index level: | 3,757.99
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Trigger level: | 75% of initial level
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Strike date: | Sept. 22
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Pricing date: | Sept. 23
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Settlement date: | Sept. 28
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 2.95%
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Cusip: | 40057NDD6
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