By William Gullotti
Buffalo, N.Y., Feb. 9 – GS Finance Corp. priced $1.24 million of 0% buffered index-linked notes due March 1, 2024 based on the performance of 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 finishes flat or gains, the payout at maturity will be par plus 12%.
If the index falls by up to 15%, the payout will be par plus half of the absolute value of the index return.
Otherwise, investors will lose 1% for every 1% 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
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Amount: | $1.24 million
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Maturity: | March 1, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes flat or gains, par plus 12%; if index falls by up to 15%, par plus 0.5 times the absolute value of the index return; 1% loss for every 1% decline beyond 15%
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Initial index level: | 4,070.56
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Buffer level: | 85% of initial level
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Pricing date: | Jan. 27
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Settlement date: | Feb. 1
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Agent: | Goldman, Sachs & Co. LLC
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Fees: | 0.43%
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Cusip: | 40057PFV9
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