By William Gullotti
Buffalo, N.Y., April 3 – GS Finance Corp. priced $5.16 million of 0% leveraged index-linked notes due March 29, 2028 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 127% of the index return.
If the index declines by up to 25%, the payout will be par plus 15%.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
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: | $5,163,000
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Maturity: | March 29, 2028
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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 127% of the index return; if index falls by no more than 25%, par plus 15%; otherwise, full exposure to decline from initial level
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Initial index level: | 3,970.99
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Trigger level: | 75% of initial level
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Pricing date: | March 24
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Settlement date: | March 29
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | None
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Cusip: | 40057R4J4
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